Liverpool asking price too rich for Kuwati investors

• omgukilledkenny

  6 Mar 09, 02:21

  

  A spokesman for a Kuwaiti investment consortium says talks are ‘going really badly’ over a potential purchase of Liverpool.

  The Anfield club is on the market for £500 million as owners Tom Hicks and George Gillett look for a buyer and this is an inflated price tag according to the Middle Eastern consortium.

  Abdulla Al-Sager, one of the possible investors in the consortium headed by Kuwait’s Al-Kharafi family, told Bloomberg: “Things are going really badly, because they are asking too much.

  “I don’t think anything will happen unless we get a better price.”

  The next move will probably see the Kuwaiti consortium play a waiting game until July when Hicks and Gillett have to see if they can refinance the club’s £300m debts if they cannot, then the duo may be forced into lowering the asking price.

  Liverpool have also held talks about a sale to another investment group in the Middle East and one in the United States.

  Hicks is believed to want an investment partner to buy Gillett’s stake and allow him to remain in control at Anfield.

• iceFatboy

  6 Mar 09, 11:15

  smelly fish.. who wants to buy smelly fish... le-long le-long....

• limpper

  6 Mar 09, 12:13

  

   

  Liverpool asking price too rich for Kuwati investors.

   

  Liverpool owners Tom Hicks and George Gillett must lower there asking price if they are to sell the club to a Kuwaiti investment consortium.

  A spokesman for the consortium says the £500million value put on the club by the American businessmen is too high.

  Abdulla Al-Sager, one of the possible investors in the consortium headed by Kuwait's Al-Kharafi family, told Bloomberg: "Things are going really badly, because they are asking for too much.

  "I don't think anything will happen unless we get a better price."

  The consortium are now likely to play a waiting game until July when Hicks and Gillett have to see if they can refinance Liverpool's £300million debts.