Saudi-based newspaper Al-Riyadh quoted the prince, who chairs private firm F6 and a Saudi-based holding firm called Fama Group, as saying he is "currently seeking to buy 50 per cent of the shares in the club which is now suffering of debts worth £245 million."
"The transaction, upon which a decision is close to being reached, will be worth £200 to £350 million," he added.
Liverpool’s American co-owners George Gillett and Tom Hicks are working to reduce club debt and raise funds to restart work on a new stadium, having this summer renegotiated £290 million worth of debt with the Royal Bank of Scotland and extended it for another year.
A Fama spokesman declined to comment, but said: "What I know is that the prince attended the Liverpool game against Hull and signed yesterday an agreement with Liverpool to build a sport academy in Saudi Arabia."
Grandhi Mallikarjun Rao, the billionaire owner of Indian Premier League (IPL)’s Delhi Daredevils, was reported to have held talks to buy the club in April this year.
