Saudi Arabian government break silence on Liverpool takeover

1 year ago

Saudi Arabian government speak out on potential Liverpool takeover The sports minister of Saudi Arabia has stated that the Saudi Arabian government would “definitely support” private sector bids for Liverpool and Manchester United.

Speaking to BBC Sport, Prince Abdulaziz bin Turki Al Faisal said that there was a lot of “interest and appetite” in the two clubs, both of which have seen their owners open themselves up to either part investment or a full sale over the past two weeks.

Liverpool owners Fenway Sports Group expanded their search for investment through an equity sale to a willingness to listen to offers for the club a fortnight ago. It was a move followed by the Glazer family at United on Tuesday.

The ECHO understands that FSG have a price point of $4bn in mind to begin a conversation with agreeable parties, while United’s owners are understood to be wanting as much as $7bn for the club, which has seen its share price surge since the revelations about the Glazers’ intentions emerged.

Jamie Carragher has admitted to being ‘worried’ after Liverpool confirmed that their sporting director, Julian Ward, will leave the Merseyside club at the end of the season. The Reds have been no stranger to an unexpected announcement recently, having confirmed only two weeks ago that owners Fenway Sports Group are seeking new investment into the club or the possibility of an outright sale.