Hicks and Gillett, who bought Liverpool in February 2007, issued a joint-statement yesterday after it was reported F6, the Saudi Arabian company chaired by Prince Faisal bin Fahad bin Abdullah al-Saud, is interested in investing in the Anfield club.
“The owners have jointly retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into Liverpool Football Club,” a spokesperson confirmed. “However, the process is at an early stage, there is no agreement with any party and reports to the contrary are wholly inaccurate.”
According to UK newspaper the Times, City sources believe the announcement is an indication of the pressure that the Americans are under to reduce the club’s exposure to debt. This summer Hicks and Gillett renegotiated £290 million worth of debt with the Royal Bank of Scotland and extended it for another year.
Barry Didato, director of strategic investment at F6, said on Monday that his company will decide “within three to four months” whether to become an investor in the club.
