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Liverpool in £400m takeover talks with Kuwaitis

Written by r1ooooo on

From: insideworldsoccer.com

Liverpool co-owners Tom Hicks and George Gillett Jr ready to sell The Reds
Photo: Getty Images

Kuwaiti billionaire and the world’s 46th-richest man, Nasser Al-Kharafi, has reportedly started discussions with Liverpool over a possible £400 million takeover of the Merseyside club as the Arab invasion of the Premier League continues.

According to The Sun, Reds co-owners Tom Hicks and George Gillett Jr has sent financial chief Philip Nash and commercial director Ian Ayre to the Middle East this week for discussions with the 64-year-old tycoon.

Initially, the talks focused on investment in the club’s proposed new stadium in Stanley Park, but a full-scale takeover is now the subject of serious discussions.

Liverpool have offered Al-Kharafi, who has a £12 billion fortune, a 50 percent stake. Hicks and Gillett would reduce their share to 25 percent each.

But the Kuwaiti business supremo is pushing for overall control before agreeing to a deal that could be worth £400 million.

The talks with the Kuwaiti side is in fact the second time within 12 months as Al-Kharafi's cousin came close to snapping up Liverpool last November, when both sides agreed a £500 million asking price only for the credit crunch to send the deal crashing.

Three months ago, Al-Kharafi was widely tipped to buy Newcastle for £300 million, which eventually come to nothing.

Al-Kharafi’s fortune comes as president of the Mohammed Abdulmohsin Al-Kharafi and Sons Group, one of the largest diversified conglomerates in the Arab world.

It includes a massive food division, Americana, which has exclusive Middle Eastern franchise rights for universally known brands such as Pizza Hut, KFC, Wimpy and TGI Friday’s.

Further investments include the likes of Mobile Telecommunications Co and the National Bank of Kuwait.

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