Saudi Prince confirms talks with LFC

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The Director of Strategic Investment at F6 – Saudi Prince Faisal’s sports investment company – has confirmed they are interested in purchasing a part of Liverpool Football Club.

However, spokesman Barry Didato warned “His Highness’s shareholding could go from anything from nought to 100%.”

Prince Faisal has been in talks with George Gillett in recent weeks and was a guest at the recent Hull City match at Anfield, although Gillett – being the liar he is – denied investment was on the agenda when they met. Reports suggest Gillett will fly to the Middle East next week to for more negotiations over selling his 50% stake in the club.

The Daily Mail report today:

“Sources in the Middle East are convinced a deal will go through when Prince Faisal and his advisers sit down with the American.

Prince Faisal’s investment company, F6 Sports, has allies in the banking world and they would look at Liverpool as a club to make their name – and with potential for development down the line.”

Didato though has also spoke of concern regarding the amount of debt on the club, and the relationship between Gillett and co-owner Tom Hicks. “His Highness would not want to get involved in (the problems between the pair), he is not a marriage counsellor,” Didato said.

“The debt has to be at a manageable level before Prince Faisal would invest and the current level is high. He cannot be looked to as someone who is going to clean up the balance sheet – Gillett has to deal with this.”

Didato continued “His Highness is an extraordinary man who is passionate about football. He has a tremendous respect for Liverpool and their fan base.

“He only wants what is best for them and is one of those rare breeds of investor who is in it for the long haul.”

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