Wednesday 30 September 2009

Hicks & Gillett deny sale of club is imminent

Liverpool Football Clubs joint owners George Gillett and Tom Hicks have responded to recent reports about the Club's ownership. Press speculation over the weekend reported Saudi prince, Faisal bin Fahad bin Abdullah al-Saud was on the verge of buying into the Anfield club after his Saudi Arabian sports investment company: 'F6', confirmed it had reached an agreement with Liverpool to establish a number of football academies in the region.

The prince, who attended Liverpool's demolition of Hull City at the weekend reiterated yesterday that he was close to purchasing a 50 per cent stake in the club. Speaking to Middle Eastern newspaper 'Al Riyadh', he said:

"The deal will be concluded soon and its value will be between £200m and £350m," said the prince.

He added: "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," reports Sky News.

The Telegraph reports the prince and Gillett will hold further talks when the American visits the Middle East in October.

However a spokesperson for George Gillett and Tom Hicks, via the clubs official site, said:

"The owners have jointly retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into LFC.

"However, the process is at an early stage, there is no agreement with any party and reports to the contrary are wholly inaccurate."

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