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Saudi prince reveals investment deal is close

A Saudi prince has revealed that he is set to make a significant investment in an English side, amid reports that Liverpool's owners are prepared to sell a 50% stake in the club.

Prince Faisal bin Fahd bin Abdullah has been linked with a bid, in order to help balance the books at Anfield, as Liverpool are experiencing financial difficulties under the ownership of American duo Tom Hicks and George Gillett.

"We are currently seeking to buy 50% of the shares in the club which is now suffering with debts worth £245 million," Fahd bin Abdullah, who chairs private firm F6 and a Saudi-based holding firm called Fama Group, was quoted as saying in Al-Riyadh.

"The transaction, upon which a decision is close to be reached, will be worth 200 to 350 million pounds."

A spokesman for Fama has declined to comment on the matter, but it appears that the Premier League could be set to welcome further money from the Middle East after the success of the Dubai-based takeover of Manchester City.

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