Liverpool co-owner George Gillett will fly to Saudi Arabia next week for further talks with Prince Faisal bin Fahd bin Abudullah au-Said about buying a stake in the club which could be a complete buy out of the American owners. But football fanatic Price Faisal is far from convinced about a Liverpool investment, despite his respect for the club and its fans. He is worried about the high debt levels at the club and the relationship between the two owners.
Liverpool co-owner George Gillett will fly to Saudi Arabia next week for further talks with Prince Faisal bin Fahd bin Abudullah au-Said about buying a stake in the club which could be a complete buy out of the American owners. But football fanatic Price Faisal is far from convinced about a Liverpool investment, despite his respect for the club and its fans. He is worried about the high debt levels at the club and the relationship between the two owners. Barry Didato, director of strategic investments for the Saudi prince’s investment vehicle F6 commented, ‘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.’ He is also concerned about the strained relationship between Gillett and co-owner Tom Hicks, Didato explaining that Prince Faisal ‘is not a marriage counsellor.’ Reading between the lines it looks as if the Prince might at first take a minority stake, which could be built on later. In any event, it is clear that he would be a long-term investor who could bring greater stability to the club.
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