Saudi Arabian Sports Minister speaks about the sale of Liverpool

According to The Boston Globe the fee for Liverpool will be in the region of $4.7BN.

Photo: BBC

Saudi Arabia’s Sports Minister HRH Prince Abdulaziz bin Turki Al Faisal has told BBC’s Dan Roan the Saudi government would “definitely support” private Saudi bids for Liverpool and Manchester United.

News broke this week that the Glazers are looking to cash in on Manchester United.

After Saudi Arabia’s PIF fund acquired Newcastle for a fee to be in the region of £300M the Magpies have gone from strength to strength on the pitch and are set to challenge for a place in the Champions League this season.

A fee to buy Liverpool will cost at least 10 times what the PIF fund paid for Newcastle.

According to The Boston Globe the fee for Liverpool will be in the region of $4.7BN. The Boston Globe is owned by Liverpool’s principal owner John Henry. FSG bought Liverpool for just £300M in 2010.

It is believed that FSG’s business model which depends on generating funds from the sale of players will not be able to continue bringing success on the pitch considering the financial firepower other Premier League rivals are demonstrating.

 

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