Saudi to buy 50%??

[Robbie-9-Fowler]

If they are so rich, and they want to out do Citeh then they would simply pay over the odds!
I'm sick of getting excited and being let down. YANKS OUT ( please )

[Nicey]

Well, considering this Prince was at Anfield on Saturday, toured the Academy, met Rafa and the players, and has gone on record to say his company is about to take 50% of a club I am pretty sure something is going down. Watch this space I say.

[pezzzer]

If they are so rich, and they want to out do Citeh then they would simply pay over the odds!
I'm sick of getting excited and being let down. YANKS OUT ( please )

I'm sure everyone is waiting for my take on this lol

[Roboklopp]

I'm sure everyone is waiting for my take on this lol

Pezzer laughed at the rumour- must be false lads.

[lfcchris]

i know what you mean although i have heard a rumour prince akeem joffer of Zamunda is rumoured to be interested too

Does he have sex with his bathers? I know his father does........

There will be a McDowells in the Kop and the pitch will be covered in rose petals!!!

[red g]

I'm sure everyone is waiting for my take on this lol

Not slept a wink mate in anticipation

[Tee]

There will be a McDowells in the Kop and the pitch will be covered in rose petals!!!

And the players will all have shiny wet look perms thanks to Soul Glo.

[lfcchris]

And the players will all have shiny wet look perms thanks to Soul Glo.

and Mr McDowell just keeps saying "my buns dont have seeds"

[Tee]

and Mr McDowell just keeps saying "my buns dont have seeds"

and half-ime entertainment will be from Sexual Chocolate

[Bender]

and half-ime entertainment will be from Sexual Chocolate

[Bender]

RIYADH - Private Saudi sports investment company F6 is in direct talks with George Gillett, the American co-owner of Liverpool, to buy all or part of his 50 percent stake in the club, a company official said on Monday.

"We have not reached a final agreement yet ... We are discussing how much 25 percent or 50 percent in Liverpool will be worth," Gassim Hamidaddin, F6's deputy managing director, told Reuters by telephone.

F6 has signed a memorandum of understanding with the George Gillett Group for an exclusive cooperation that would lead to opening Liverpool academies in the Middle East and North Africa and develop race tracks to introduce NASCAR to the Middle East.

"There was a clause in this agreement that opened the possibility of buying a stake in Liverpool," Hamidaddin said.

On Sunday, al-Riyadh newspaper quoted F6 Chairman Prince Faisal bin Fahd bin Abdullah as saying he was willing to pay between 200 million and 350 million pounds for between 25 and 50 percent of the Anfield Stadium side.

Hamidaddin said these figures "were not 100 percent accurate."

[Kenneth]

There will be a McDowells in the Kop and the pitch will be covered in rose petals!!!

Mmm, a Big Mick

[Bender]

F6 could purchase all of Gillett's 50 per cent stake in the Merseyside outfit to take joint control alongside Hicks, with another option that they buy part of the Texan's share.

"We have not reached a final agreement yet," Gassim Hamidaddin, F6 deputy managing director, told Reuters.

"We are discussing how much 25 per cent or 50 per cent in Liverpool will be worth."

[Bender]

From Elsewhere:
I have spoken with a contact inside Merrill this morning & have been told this.

George Gillett is trying to sell his shares lock, stock & barrel. George Gillett has apparently been in discussions with Prince Faisal for the last four months. While Gillett was flirting with Prince Faisal, Tom Hicks was flirting with Majid Saif Al Ghurair.

What is still unclear & is probably the most important issue of all is – Is George Gillett still restrained in what he can do with regards to his 50% of the club? The people I have spoken with say he has more freedom to do what he chooses, but there are still restrictions present. For instance – if Gillett wants to sell he can, but he has to offer his shares to Tom Hicks for the price he would be getting from Prince Faisal.

So basically if Prince Faisal offers Gillett 350M for his 50% of the club – Gillett has got to offer that 50% of the club to Hicks for the same 350M.

That’s where all this gets messy. I asked the question to this chap at Merrill; what is the likelihood of Tom Hicks being able to buy up George Gillett’s shares for the price Prince Faisal offers & he categorically said “none mate.”

He said that Hicks does want out, but as ever for the right price, but Hicks’ doesn’t see 350M as a fair price for his 50%. He wants more. It was suggested to me he wants 50M-75M more to let go of his shares & that comes from people who are working for Hicks.

Hicks’ people are aware Prince Faisal is offering Gillett bucket loads of sweeteners in a different venture altogether – introducing NASCAR to the Middle East.

You also have to bear in mind - 350M won't be the price both men get real terms in the bank because the debt levels will be negotiated into the price. But a seriously big profit will be made by both men.

So as things look stand it looks this way to me.

George Gillett is very close to, if he has not already agreed a fee to sell to this Prince Faisal.

Tom Hicks is not happy, but it seems unless he can raise the same amount Prince Faisal offers, he has no choice but to accept Gillett’s sale to the Prince Faisal. (Also, if by any miracle Tom Hicks could raise the money Prince Faisal is offering, do expect Prince Faisal to up the offer until it is impossible for Hicks to match it.)

At the same time Hicks is still speaking with Majid Saif Al Ghurair about the possibility of relinquishing a percent of his shares, but the outstanding bit of news is he planned to do that along side George Gillett. My friend told me that Hicks had been in regular contact with George Gillett about the Majid Saif Al Ghurair plan & he thought it was a goer – unaware, as we all were Gillett was all along speaking to Prince Faisal.

So as things stand Tom Hicks’ plan that would see both Hicks & Gillett give up a percentage of shares to Majid Saif Al Ghurair is dead in the water. It could only have been done if both men had agreed.

Where does that leave Tom Hicks?

Well, he still has his half of the club at the end of the day. But by all accounts Prince Faisal is an aggressive mother fricker & he will do all he can to firstly, try & make Tom Hicks sell up & if he can’t do that I was told that things could turn into an Arsenal-esque situation.

I happen to think Tom Hicks will sell, but it will mean Prince Faisal has to pay more than what he is offering George Gillett because it makes no sense to me Prince Faisal coming in if he is in exactly the same situation as Hicks & Gillett currently are.

But as always time is the key & as I’ve said umpteen times before – things cannot go on indefinitely, but it does now seem a real possibility that our new owner will be Prince Faisal.

How long it takes for him to gain complete control is another question altogether.

The smart money would be on this all being done very quickly.

[Rich]

Blimey, interesting times.

The big cloud on the horizon would be if Prince Faisal buys the 50% from Georgie he's only going to invest the same amount of money into the business as what Hicks is willing to invest, to do otherwise would be effectively lining Hicks pockets with more cash.

This could rumble on and rumble on.