Liverpool being lined up for Middle Eastern takeover

Liverpool have become the latest Premier League club to be targeted by a Middle Eastern billionaire eyeing a £700m takeover, according to Metro.

Despite the Merseyside club having established an aspect of stability under current owner John W. Henry and his American sports investment company Fenway Sports Group, a mystery bidder, thought to be from the United Arab Emirates, is confident of landing a mega deal.

A number of Europe’s leading football clubs have successfully overseen a takeover from wealthy Arab owners, most notably Manchester City who are already owned by Sheikh Mansour, a member of the Abu Dhabi royal family.

Sheikh Mansour’s wealthier half-brother, Sheikh Khalifa, who is the current president of the United Arab Emirates and is rumoured to be worth in excess of £30bn, is thought to be the man behind a supposed Liverpool takeover.

Liverpool are thought to be worth an estimated £650m after Fenway Sports purchased the club from previous owners Tom Hicks and George N. Gillett, Jr. for £300m in October 2010.

Source: MENA