Wednesday, October 14, 2009

Prince Faisal confirms Liverpool deal in final stages

Saudi Prince Faisal bin Fahd bin Abdulla has said his F6 company hopes to finalise talks over a major Liverpool share deal.

Speaking to the press as Liverpool co-owner George Gillett visited Riyadh, Prince Faisal said: "Our negotiations to buy shares in Liverpool are ongoing, meetings are taking place and we might be in the final stages in the coming days."

Gillett, who owns Liverpool along with fellow American Tom Hicks, was in Riyadh to discuss a project regarding the creation of Liverpool football academies around the region, Prince Faisal said.

In recent weeks, both parties have admitted that potential investment from Faisal has been firmly on their agenda.
Gillett and Hicks have been seeking new investment in the Anfield club after refinancing some of its debt during the summer.
The two met with Prince Sultan bin Fahd, president of the Saudi Youth Welfare organisation and chairman of the Saudi League.

"The purpose of the visit of the owner of Liverpool Football Club to Saudi Arabia is to understand the sports industry and to learn about the facilities and the potential of the main clubs in order to set up the Liverpool Academy in Saudi Arabia," Prince Faisal said.

The agreement between Liverpool and F6, a sports marketing and investment firm controlled by Faisal, would also provide opportunities for young Saudi players to train at the Anfield club, he said.
Liverpool have yet to comment.

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