Saudis open Reds discussions

28 September 2009 12:16
Saudi sports investment company, F6, have confirmed they are involved in negotiations with Liverpool about investing in the club. The admission follows a series of weekend reports claiming that a body involving Saudi prince Faisal bin Fahd bin Abdullah was in talks with Reds co-owner George Gillett over purchasing a 25 per cent share in the club. However, Prince Faisal is now reported to be considering buying a 50 per cent stake - which could mean completely buying out Gillett. F6 deputy managing director Gassim Hamidaddin told Reuters: "We have not reached a final agreement yet. "We are discussing how much 25 per cent or 50 per cent in Liverpool will be worth." Gillett and Hicks have been forced to abandon plans to start work a new stadium amid the economic downturn, while they have been forced to restructure a debt accrued when they bought the club two-and-a-half years ago.

Source: ESA