Liverpool warned over investment

09 October 2009 10:41
Liverpool have been warned that prospective new major investor Prince Faisal bin Fahad bin Abdulla would be unwilling to buy into the club if its debts are high.[LNB] Barry Didato, director of strategic investments for the Saudi prince's investment vehicle F6, has indicated that Prince Faisal may consider buying out the shareholdings of co-owners George Gillett and Tom Hicks in full. He is reportedly only talking to Gillett currently.[LNB] Didato told BBC Sport: "His Highness's shareholding could go from anything from nought to 100%. But he cannot be seen as a solution to the debt or problems in the existing relationship between the owners."[LNB] He added: "His Highness would not want to get involved in the (problems between the pair), he is not a marriage counsellor.[LNB] "The debt has to be at a manageable level before Prince Faisal would invest and the current level is high.[LNB] "He cannot be looked to as someone who is going to clean up the balance sheet - Gillett has to deal with this."[LNB] Gillett and Hicks last week issued a joint statement, stressing that any talks to bring in new investment were "at an early stage".[LNB] Gillett stated earlier this week that Liverpool are in an "extraordinarily good financial condition", better than Manchester United, Chelsea or Arsenal.

Source: Eurosport