Sunday, 13th December 2009
Liverpool’s search for investment could be back at square one if a report in British paper The People is to be believed. The paper claims that Saudi prince Faisal, who had been widely linked with a move for the Reds, has finally decided against becoming involved with the Anfield side.
The news will come as a blow to the club’s American owners who had been hoping to secure an investment to kick-start work on a proposed new stadium and further pay down the debt the duo incurred purchasing the club.
Faisal bin Fahd owns sports company F6, and had met Liverpool owner George Gillett some months ago, agreeing a deal to set-up academies in the Middle East, but also expressing interest in investing in the Premier League side. The club’s American owners are widely believed to be seeking around £100M for a minority 25% stake, but could have been willing to go as high as 50% for an increased amount.
Prince Faisal is thought to have been discouraged by the prospect of battling for control of the club in a boardroom where he did not have a majority, and favoured an outright bid. He is now thought to have cooled on both however.
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