Wednesday, September 30, 2009

Liverpool Owners Looking for New Investors in the Club

It is no more a secret that Liverpool football club has been cash-strapped for some time now. It has huge debt and is struggling to deal with the huge interests of the bank loans. Now, reports out in the media suggest that Liverpool owners Tom Hicks and George Gillett are now looking for new investors in the club. Both the co-owners have confirmed that they are in search of outside investment in Liverpool FC. Earlier, Saudi Arabian prince Faisal bin Fahd bin Abdullah al-Saud revealed his interest to buy 50 percent share of the club as he is ready to pay a price ranging between £200m to £350m.

Well, that is a huge amount considering the fact that Mr Hicks and Mr Gillett paid £174 million in 2007 for the acquisition of the whole club. Economic recession has not got over yet. Still, the Saudi price is willing to pay such a big amount only to buy half of the stakes of the club. No doubt, it is really strange. Manchester City already has Arab owners, and now it seems that another Premier league club is going to be controlled by an Arab owner. I think there is nothing wrong with it, but the problem is that Arab owners would seek quick success with aggressive investment on buying star players as City owners did. This is definitely bad for any club in the long run.

A club must have a strong and consistent youth policy and a balance in the squad. Engaging star players does not guarantee you success in the long run. Now, let us see what is going to happen to Liverpool.

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