UAE ROYAL ‘ATTEMPTED $ 2.56BN TAKEOVER OF LIVER­POOL FC’

Gulf Business - - NEWS AND VIEWS -

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.

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