Kirdi in `advanced negotiations' over Reds takeover

04 August 2010 12:30
A rival consortium to Chinese entrepreneur Kenny Huang are claiming they are close to sealing a deal to buy Liverpool. Syrian businessman Yahya Kirdi, who represents a group of investors from the Middle East and Canada, has said a price has been agreed and a formal purchase agreement "is in the final stage of negotiation". However, much the same noises were made by Kirdi's representatives in April and no deal was done, and he has been dealing with the American owners Tom Hicks and George Gillett rather through Liverpool chairman Martin Broughton, who has been detailed to sell the club. A statement from Kirdi said: "The group is in advanced negotiations with Thomas Hicks and George Gillett, co-owners of Liverpool Football Club, to purchase 100% of the club. "Agreement has been reached on all major terms including the purchase price, repayment of the existing bank debt from RBS and Wells Fargo and financing of a new stadium in Liverpool's Stanley Park. A formal purchase agreement between the parties is in the final stage of negotiation."

Source: PA