According to media rumours, a joint partnership from Saudi Arabia and Qatar may make a $4 billion bid for Liverpool.
Investors from Saudi Arabia and Qatar have agreed to team up for a joint bid to reduce chances of being caught up in an expensive bidding war for the most successful club in English football, says the Sporting News.
Liverpool’s owner, FSG, put the English Premier League side up for sale last month. Although it would consider selling a stake in the club, an outright sale would be the preferred option.
Having bought the club for £300m (the equivalent of $478m at the time) in 2010 a resale figure of more than $4bn would represent a significant profit.
The $4bn valuation is modest for one of the crown jewels of world sport.
The prices for buying football clubs have only continued to increase. In May, Chelsea was sold for $4.9bn, but some analysts have already predicted that Liverpool could fetch an even higher price.
“The sale of Liverpool could reach in excess of $5 billion, with the club generating over $160 million from its sponsorship deals for the 2022-23 season alone,” said Conrad Wiacek, head of sport analysis at GlobalData.
The investment consortium is made up of private investors, the Sporting News report claims.
It is a sign of improving relations between Saudi Arabia and Qatar. Trade relations are improving and a joint bid for the Olympic Games in 2036 has been widely reported.
Saudi Arabia’s sports minister says the Kingdom would support any bids from companies in the private sector looking to buy Man Utd or Liverpool.
Prince Abdulaziz bin Turki Al Faisal, said that the government would support any bid for the crown jewel football acquisitions from the private sector.
“If there’s an investor willing to do so and the numbers add up, why not?”
“We will definitely support it if any [Saudi] private sector comes in, because we know that’s going to reflect positively on sports within the kingdom.
“It’s the most-watched league in Saudi and the region and you have a lot of fans of the Premier League,” he said. “From the private sector, I can’t speak on their behalf, but there is a lot of interest and appetite and there’s a lot of passion about football.
Fenway Sports Group Holdings LLC said that it is working with Goldman Sachs Group and Morgan Stanley as it gauges buyer interest for the club, the people said, asking not to be identified.
“FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club,” the group said in a statement.
The Middle East is already home to several football club owners.
The massive Public Investment Fund of Saudi Arabia acquired Newcastle United FC in 2021. The City Football Group of Abu Dhabi purchased Manchester City FC in 2008, and Qatar Sports Investments acquired Paris Saint-Germain FC in 2011.
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