Saudi prince set to invest

27 September 2009 10:18
// A bit of a hack but it works// The article snippet is wrapped onto a second line, even when #article-sub is emptyif( $("div#article-sub").children().length == 0 ) {$("div#article-sub").remove();} A Saudi prince has revealed that he is set to make a significant investment in an English club.[LNB] Reports suggest that the side in question is Premier League giants Liverpool, who are currently experiencing financial difficulties under the ownership of Tom Hicks and George Gillett.[LNB]It is believed that the American duo are prepared to sell a 50 per cent stake to Prince Faisal bin Fahd bin Abdullah in order to help balance the books at Anfield.[LNB]"We are currently seeking to buy 50 per cent of the shares in the club which is now suffering with debts worth £245million," Fahd bin Abdullah, who chairs private firm F6 and a Saudi-based holding firm called Fama Group, was quoted as saying in Al-Riyadh.[LNB]"The transaction, upon which a decision is close to be reached, will be worth 200 to 350million pounds."[LNB]A spokesman for Fama has declined to comment on the matter, but it appears that the Premier League could be set to welcome further money from the Middle East.[LNB]Manchester City were acquired by the Abu Dhabi United Group last summer and have benefitted considerably from that deal.[LNB]

Source: SKY_Sports