UAE ROYAL ‘ATTEMPTED $ 2.56BN TAKEOVER OF LIVERPOOL FC’
A member of Abu Dhabi’s royal family reportedly had a GBP2bn ($2.56bn) bid to buy English football club Liverpool rejected earlier this year.
UK publication The Daily Mail reported that Sheikh Khalid bin Sultan bin Zayed Al Nahyan, a cousin of Manchester City owner Sheikh Mansour, approached Liverpool’s owners over several months in late 2017 and early 2018.
He then made the offer, claimed to be the most expensive takeover bid in football history.
The royal is the founder and chairman of the Bin Zayed Group of companies, which has operations spanning construction and energy, trading and industry, real estate, technology and financial services, according to its website.
The Daily Mail said the managing director of the conglomerate, Midhat Kidwai, met with Liverpool chairman Tom Werner in New York to discuss the deal.
It would reportedly have seen Sheikh Khaled own the club alongside a minority Chinese partner, with the valuation made ahead of the Liverpool’s run to the Champions League final last season.
Liverpool was quoted as saying that discussions eventually failed and never went to the point of majority shareholders John W Henry and Michael Gordon meeting Abu Dhabi investors.
The club’s owner, Fenway Sports Group, is understood to be actively seeking investment.