Wednesday, December 16, 2009

UAE royal family interested in investing in Liverpool

United Arab Emirates' ruling family set to buy into cash-strapped Liverpool.

Liverpool could be set for a badly-needed cash boost from the ruling family of the United Arab Emirates.

According to reports from the Middle East, members of the Ras al-Khaimah family are seeking talks with the club's owners to discuss possible investments.

They want American co-owners George Gillett and Tom Hicks to fly to the UAE to open negotiations about buying into the ailing club.

A senior official close to the Ras al-Khaimahs said representatives from Liverpool "may be coming next week".

Ian Cotton, Liverpool's director of communications, refused to be drawn on the reports, saying: "At the moment, we are not commenting on this speculation."

Liverpool would welcome investment as the club's borrowings stand at £313m.

Just last week manager Rafa Benitez had said that managing the club's huge debts was proving to be difficult.

Hicks and Gillett have been courting investment from the Middle East for months and Gillett recently visited Saudi Arabia.

Ras al-Khaimah's royal family is the latest Gulf investor to be linked with Liverpool and in September, Saudi Prince Faisal Bin Fahd Al Saud was said to be keen to invest, but nothing came of the interest.

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