Saudis Prince Faisal shows Liverpool interest

By Aditi | October 11, 2009 9:05 pm |
Categories:
International,Site News


liverpool3

Prince Faisal, the Saudi Royal has shown his desire in Liverpool and is expected to bid for a major take in the club. George Gillett who happens to be the co-owner of the club would be visiting Saudi Arabia to discuss the details with the prince. The representative of the prince, Barry Didato informed the media that the stake of the prince could be anything from zero to 100%, although the Prince himself has some concerns about the relationship between the owners of the club and its debt situation.

The relationship between the owners of the Liverpool club is a little strained at the moment. The point to consider here is that under the current regulations, none of the two owners can sell their stake without the approval of the other and the prince has been holding talks with only Gillett and not Tom Hicks who happens to be the other partner.

Didato also admitted that prince would not be much interested in getting involved unless the debt situation and the relationship between the partners are improved. The current debt level is higher than the expectation of the prince and so an investment may not be coming from his side any sooner. The prince apparently has no intentions of a takeover.

Hicks and Gillett have already expressed their desire of attracting some investments for their club but they confirmed that the process is at a fairly early stage and no agreement has been made with any party so far. Didato also admitted that the prince is really passionate about the game and has a great amount of respect for the club and their fanbase.

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