Sports

Liverpool takeover looms as ‘£3bn deal talks’ take place

Liverpool owners Fenway Sports Group are reportedly in talks with Middle Eastern suitors about a potential £3bn takeover. Qatari and Saudi Arabian consortiums have put themselves forward as candidates to buy the Reds after FSG put them up for sale earlier this month.

FSG welcomed the interest as they look to cash in on the club they bought for £300m from Tom Hicks and George Gillett in October 2010. The Americans helped Liverpool end a 30-year wait for a league title and clinch a sixth Premier League crown. the Champions League. , but now they are ready to leave Anfield.

and according to Mail, talks are underway with representatives of Saudi and Qatari groups that have expressed interest in completing an acquisition. Consortium officials are said to have registered their intention to close a deal with FSG director Mike Gordon, who is overseeing the Liverpool sale.

Despite the inevitable concerns of one of England’s most storied clubs becoming state owned, the two parties concerned are private companies rather than funded by their respective states. However, both are rumored to have close ties to their country’s current ruling regimes.

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The interest from Saudi Arabia should come as no great surprise after the nation’s Sports Minister, Prince Abdulaziz bin Turki Al Faisal, encouraged bids for both Liverpool and Manchester United. The Glazers have joined FSG in looking to jump ship in the coming months, putting United up for sale after their 17-year tenure at Old Trafford.

Prince Abdulaziz told Sky Sports: “From the private sector, I can’t speak on his behalf, but there is a lot of interest and appetite, and there is a lot of passion for football. We will definitely support him if there is.” [Saudi] the private sector comes in because we know that will reflect positively on sports within the kingdom.”

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United’s sudden availability on the market could worry Liverpool, despite the clubs’ contrasting fortunes in recent seasons. The report adds that the Red Devils are confident they could steal potential buyers from their bitter rivals. Those close to the situation say Old Trafford is a more attractive option than Anfield because of United’s monumental global reach.

If FSG sells Liverpool to Middle Eastern buyers, the Reds will join Newcastle United (Saudi Arabia) and Manchester City (Abu Dhabi) in the Premier League. But the process is not considered close to completion and could ultimately escalate into a high-profile bidding war in 2023.

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