Liverpool has entered discussions with two middle-east consortiums regarding a £3 billion takeover. Reports suggest, that consortium representatives from Saudi Arabia and Qatar have shown a willingness to buy the club.
Saudi Arabia in talks with middle-east consortiums
As reports have it, Fenway Sports Group Director Mike Gordon: the man in charge of the sale of Liverpool, has been approached by the consortium officials. Both groups are private companies and not state-owned. However, both of them are understood to have close connections with their country’s ruling families.
Prince Abdulaziz bin Turki Al-Faisal, Sports Minister of Saudi Arabia, supported takeover bids for both Liverpool and Manchester United. Both clubs have been examining possible sales options over the last month.
“From the private sector, I can’t speak on their behalf, but there is a lot of interest and appetite and there’s a lot of passion about football. We will definitely support it if any (Saudi) private sector comes in because we know that’s going to reflect positively on sports within the kingdom.”
Liverpool’s discussion with a US-based buyer is on too, while Britain’s wealthiest man Sir Jim Ratcliff, and tech-giants Apple are in touch with the United bids.
Manchester United confident about buyers
Reports suggest Manchester United are confident that they can drag prospective buyers from Liverpool in an expectant bidding war for the highest bidder. In May, Liverpool was priced at £3.89 billion by Forbes. United is probably expecting something above £5bn and is expecting £6-8bn.
Chelsea’s sale to a consortium for £2.5bn with a complete guarantee of again £1.75bn investment in the club, has been a noticeable thing too.
Ever since its formation in 2001, FSG has had great success across Football, Baseball, positioning what’s called the “Moneyball strategy” for recruiting and developing teams.
Read More: Wales or Cymru? Welsh looking for a name change after World Cup