Liverpool takeover saga takes another twist

Published Add your comment

Football News

A rival consortium to Chinese entrepreneur Kenny Huang are claiming they are close to sealing a deal to buy Liverpool.

Syrian businessman Yahya Kirdi, who represents a group of investors from the Middle East and Canada, has said a price has been agreed and a formal purchase agreement "is in the final stage of negotiation".

However, much the same noises were made by Kirdi's representatives in April and no deal was done, and he has been dealing with the American owners Tom Hicks and George Gillett rather through Liverpool chairman Martin Broughton, who has been detailed to sell the club.

Under new rules on club ownership announced by the Premier League on Tuesday, all prospective owners are obliged to give the league 10 days' notice of a takeover and prove they have the funds to sustain the club.

Liverpool and a number of parties contemplating a takeover - including Huang - have already contacted the Premier League to alert them that a change of ownership could be imminent.

A statement from Kirdi said: "The group is in advanced negotiations with Thomas Hicks and George Gillett, co-owners of Liverpool Football Club, to purchase 100% of the club.

"Agreement has been reached on all major terms including the purchase price, repayment of the existing bank debt from RBS and Wells Fargo and financing of a new stadium in Liverpool's Stanley Park. A formal purchase agreement between the parties is in the final stage of negotiation."

Kirdi is a resident of Canada and a former Syria international who oversees investments in Europe and North America on behalf of his investor group, said the statement.

"Liverpool is a massive football club with passionate and proud fans in Merseyside and in every part of the world," said Kirdi.

"With additional money to improve the squad and financing in place to build the new stadium, LFC will be on a solid foundation to compete in the Premiership and in Europe for years to come."

Copyright (c) PA Sport 2009, All Rights Reserved.

Premier League

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again