Saudi Prince's investment company set for half of club
By Mark Allaway
Monday 28 Sep 2009 17:36:00
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Half of Liverpool football club is set to be acquired by Saudi Arabian Prince Faisal bin Fahd bin Abdullah al-Saud for between £200-£350 million.

George Gillet and Tom Hicks are expected to relinquish 25% of their holdings in the club to al-Saud with the Prince also looking to expand the club within Asia and the middle east.


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Part of the deal will include soccer schools being built in Saudi Arabia and the surrounding countries and the band name of the club growing in Asia.

The Prince's sport investment company F6 released a statement reading: "This partnership will provide a lot of investments in football, racing and sports media in Saudi Arabia and the Middle East."

The Prince himself told Al-Riyadh: "The deal will be concluded soon and its value will be between £200m and £350m.

"If we finalise the deal, it will be something marvellous because Liverpool is one of the best and most famous clubs in England and the whole world," he finished.

 

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