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Saudi Arabia and Qatar set to join forces to submit massive bid for Liverpool

Saudi Arabia and Qatar set to join forces to submit massive bid for Liverpool

Liverpool owners Fenway Sports Group are set to receive a massive £3.2billion bid from a ‘Saudi-Qatari consortium’ according to reports.

Liverpool owners Fenway Sports Group are set to receive a massive £3.2billion bid from a ‘Saudi-Qatari consortium’ according to reports.

American owners FSG, who bought Liverpool in a £300million deal in 2010, put the Merseyside club up for sale last month, with a complete sales presentation having been produced for interested parties.

Goldman Sachs and Morgan Stanley have also been retained to assist with the sales process.

FSG subsequently released a statement claiming that “under the right terms and conditions” they would “consider new shareholders if it was in the best interests of Liverpool as a club.”

The American owners added that they remained “fully committed to the success of Liverpool, both on and off the pitch.”

There has since been uncertainty regarding whether FSG are seeking new investors or a complete sale of the club. Meanwhile, there has been speculation regarding who might look to buy Liverpool outright.

Joint Saudi-Qatari bid?

According to Sporting News, a joint Saudi-Qatari consortium has emerged as a strong contender to buy Liverpool.

The publication has claimed that the “investors from the two Gulf states have agreed to join forces so as to avoid becoming embroiled in a bidding war”.

The prospective owners are said to be in a “commanding position” and expected to make an initial bid worth £3.2billion for the Premier League giants.

The report adds that while the bidders are “private investors” they have “strong links to their respective states”.

Nevertheless, this would not prevent a takeover from being signed off by the FA, who were on board with a Saudi Arabian Public Investment Fund buying Newcastle just over a year ago.

The joint bid will reportedly face stiff competition, however, with a coalition of German investors and an unnamed American consortium also believed to be in the running.

Featured Image Credit: Shutterstock

Topics: Football, Liverpool, Qatar, Saudi Arabia