Football

Liverpool warned over investment

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Liverpool have been warned that prospective new major investor Prince Faisal bin Fahad bin Abdulla would be unwilling to buy into the club if its debts are high.

Barry Didato, director of strategic investments for the Saudi prince's investment vehicle F6, has indicated that Prince Faisal may consider buying out the shareholdings of co-owners George Gillett and Tom Hicks in full. He is reportedly only talking to Gillett currently.

Didato told BBC Sport: "His Highness's shareholding could go from anything from nought to 100%. But he cannot be seen as a solution to the debt or problems in the existing relationship between the owners."

He added: "His Highness would not want to get involved in the (problems between the pair), he is not a marriage counsellor.

"The debt has to be at a manageable level before Prince Faisal would invest and the current level is high.

"He cannot be looked to as someone who is going to clean up the balance sheet - Gillett has to deal with this."

Gillett and Hicks last week issued a joint statement, stressing that any talks to bring in new investment were "at an early stage".

Gillett stated earlier this week that Liverpool are in an "extraordinarily good financial condition", better than Manchester United, Chelsea or Arsenal.

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Topics:
Arsenal
Football
Chelsea
Premier League
Manchester United
Liverpool

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