Takeover speculation hots up

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Reports over the weekend suggest that a deal which will allow the Kuwaiti based consortium headed by Nasser Al Kharafi to buy out Liverpool Football Club is getting closer.

It is understood that negotiations are at a progressed stage between the Kuwaitis and the club’s America co-owners George Gillett and Tom Hicks.

Whilst Gillett is ready to sell up his 50% share in the club, it is thought Hicks wants to hold onto some of his investment. The pair bought the club in February 2007, but have struggled to keep financial promises they made when arriving at the club.

Reports say that Kharafi, who is worth an estimated £9billion is willing to pay the £500million asking price from the American tycoons who purchased the club for £350million with a loan from the Royal Bank of Scotland, that must be paid back this summer.

His nephew, Rafed Al Kharafi, has recently been attending Liverpool games with chief advisor, Abdulla Al Sago.

A takeover in the near future could allow new stadium plans to resume and allow manager Rafa Benitez a large transfer kitty this summer.

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