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This report was on CNN website this evening:

MANCHESTER, England (AP) -- A Saudi prince has begun negotiations to buy out the 50 percent share of Liverpool held by co-owner George Gillett Jr.

Prince Faisal bin Fahd bin Abdullah al-Saud is carrying out due diligence, going through Liverpool's accounts, with a view to buying all or part of Gillett's share through his sports investment firm F6.

He has been given a period of exclusivity of several months in terms of negotiating with Gillett, F6 director Barry Didato told The Associated Press on Monday.

"The prince is looking to buy anywhere from 0 to 100 percent (of Liverpool), but he doesn't need to have a controlling interest," said Didato, director of strategic investment at F6.

"At the moment he is only working with George Gillett and I'd certainly think it would have happened by the end of the end of this year."

Gillett would not be able to act independently of co-owner Tom Hicks and sell his 50 percent stake without the permission of the Texan. However, Hicks would be willing to allow 25 percent of the club to be sold, an executive familiar with the situation told The AP on Sunday. The executive spoke on condition of anonymity because the club is not discussing the situation publicly.

Prince Faisal, along with Didato, was at Anfield on Saturday to see Liverpool thrash Hull 6-1 when the deal with Gillett was signed. That agreement will also see the prince and Gillett explore building football academies and rolling out NASCAR motorsport in the Middle East.



I can see Hicks letting 25% go as he wants to keep a foot in the door cos he knows the club value will go up. Wouldn't surprise me if Gillett done one cos the stress might be getting to him.

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From The Times:

George Gillett explores billionaire’s interest in Liverpool investment:

http://www.timesonline.co.uk/tol/sport/football/premier_league/article6853042.ece


Life is only a dream and we are the imagination of ourselves.

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Lots of different stories. I wonder which one if any is correct?

Last edited by Scannerman; 29/09/09 03:19 PM.
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My feeling is that Gillett wants to sell and probably will sell in the near future. Right now he seems to look for the best option (the one who will give him most money)...The interesting part is if he will sell all of his 50%, and if Hicks will aloud him to do so...


Life is only a dream and we are the imagination of ourselves.

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Muj Offline
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news that the agreement n understanding is for the academies and stuff and not about a stake in liverpool as yet...we have to wait n see.probably Gillet wants out.


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football is fuckingg cruel
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Originally Posted By: SG8
Quote:
while the ordinary citizen is a bedouin in the desert with camels.

Injun Joe

My friend you have the wrong pic of saudi's citizen .
we aren't in desert with camels .
you are right about the royal family and haw they control the oil but you must know one thing 4 sure
don't believe every thing media give you ...!!

I am 21 year old and I have my on car same as my younger brother and all of my friends .
I study in a college and the government give to every single student a salary and any one can go to college .
I'll travel to usa to complete my studys there next year and the government will handle every thing I need .
do you think usa or uk government offers to give some thing like this to the citizen ...?
from another hand you talked about the women in ksa and haw they are treating there .. believe that they are treating better than men out there and no one could do any thing to them even the police .
to know what you are talking about see this vid then judge .
finaly do you know that the bedouin (( as you said )) translating liverpool news every day in Forums like this one ..?
and some of them know LFC better than you ..!!

http://www.youtube.com/watch?v=_kbvvZs_0Zc

http://vb.alhilal.com/showthread.php?t=792129&page=152

pic of camels died 50 years ago .


You must be the fortunate arab, you must be the one that loves your king and you will do anything for your king! You probably have a light skin color for a arab and hence you are treated well, i have witnessed and seen how these arabs dont like the darker skin shades.I have visited Saudi two times, my last visit was in May! It is disgusting how you treat woman in "some" areas of society. YOU CLAIM THAT you protect woman, yet a woman cannot work. All ladies that want to buy underwear must go into a shop with three fat arab male salesman and ask them for the bra and panty they like?? lol that rather ridiculous dont you think? that double standards!

2ndly when i visited the town outside medina called "Sultana" i was treated like a black person was treated in South Africa under the Apartheid rule.I am not black, so i cannot understand why those saudi treated me that way, i look south european so i i cant undersatnd why me and my traveling pal were subjected to such ridiculous treatment!

When you visit Damaam then you will see how the saudi discriminate and how stupid they are. They shoud give the peopel in damaam also some benifits from Oil.

Maybe giving you a free education makes you feel important, and buying a plane ticket for yo to visit USA makes you feel important. I would rather see that Saudi king take his money and give the children and mother of Gazza and West bank a home and a good life! And it just shows how easy it is to buy you, give a saudi youngster a ticket to USA and they are bought!

I dont need any king to buy me a ticket for USA.

USA ans UK gov dont gove the kids money to study, but those govments give their people things that your king cannot even come close to giving his people, and that is Freedom of Expression:)

Whether you know more of Liverpool than i do, is a matter of opinion. you are 21, i much older thatn you, and i have been getting live LFC footall in SA from the year 1988. I am more english "not british" english than you, becasue of the colonial past of my home country.

I didnt mean that all arabs are bedoiuns, not at all. Personally teh best arabs are Lebenese and then my brother is Syria:) those people are humble and they have good manners


The sea, will be the sea, whatever the drops philosophy!
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Should you like to discuss this issue any futher please come over to general chat!

La Mushkila!


The sea, will be the sea, whatever the drops philosophy!
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Joe is on fire these days :P


cheers


Steven Gerrard: Heartbeat of LFC.


football is fuckingg cruel
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Muj Offline
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its Ma'afi Muskhila.....not La Mushkila....


Steven Gerrard: Heartbeat of LFC.


football is fuckingg cruel
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Originally Posted By: Mujtaba
Joe is on fire these days :P


cheers


In'he just! I can't keep up with him! shocked
Don't understand some of his ramblings either tbqh.

Injun Joe for PM I say. laugh

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