Kuwaiti tycoons to take over Liverpool soon

April 5th, 2009 - 8:34 pm ICT by ANI  

London, Apr 5 (ANI): The Liverpool Football Club is soon expected to sign a whopping 450 million pounds Middle East take-over deal, which would give Kop boss Rafa Benitez more transfer funds.

According to the Daily Star, talks between American co-owners Tom Hicks and George Gillett to sell all or a majority of their Anfield investment to a mega-rich Kuwait family are very advanced.

However, none of the parties is admitting to the developments.

According to sources, Nasser Al Kharafi, who owns 9 billion bounds, is closing in on a deal to become the new owner of the club.

Kharafi’s nephew Rafed Al Kharafi, who was seen attending recent Liverpool games as a guest of the club along with his chief negotiator Abdulla Al-Sago, is confident of striking a deal in the coming weeks, the Daily Star reported.

The discussion on the percentage of the club to be sold to the Kuwaitis is still pending.

While Gillett has indicated that he would sell his entire holding for the right price, Hicks would like to still be involved - and could end up with 25 per cent of the club.

Both the partners are facing a July deadline to refinance a 350 million pounds loan that secured their ownership. They value the club at 500 million pounds.

The Gillett- Hicks are aware of the fact that, without a huge cash injection, the planned new stadium would have to remain on the back burner and Benitez would be handicapped in the transfer market.

This has been the prime reason of encouraging the offer from Kuwait. (ANI)

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