Reports are emerging from the Middle East this morning that suggest that a Saudi Arabian prince is ready to make a substantial investment in Liverpool Football Club.
The financial difficulties being experienced by the Reds' owners George Gillett and Tom Hicks have been well documented and the American duo are reportedly willing to negotiate the sale of a significant percentage of shares in the the club.
Arabian newspaper reports are now claiming that Fahd bin Abdullah, chairman of F6, a Saudi-based marketing and investment company, is close to securing 50 per cent of the shares in the unnamed club, largely understood to be Liverpool after being seen in the directors box at yesterday's g ame against Hull City at Anfield.
"We are currently seeking to buy 50 per cent of the shares in the club which is now suffering with debts worth £245 million," Abdullah is quoted as saying by Saudi newspaper Al-Riyadh.
"The transaction, upon which a decision is close to be reached, will be worth 200 to 350 million pounds."