F6, the Saudi Arabian sports investment company, has confirmed that it has reached an agreement with Liverpool to establish a number of football academies in the region.
The deal was signed with George Gillett Jr., the Liverpool co-owner, and will seek to set up two exclusive academies in Saudi Arabia and two in North Africa while also extending the interests of the American’s NASCAR franchise, Richard Petty Motorsports.
“The memorandum of understanding will establish an exclusive partnership between F6 group, Liverpool FC and Richard Petty Motorsports team,” a statement released by the company read.
“His Highness Prince Faisal [the F6 chairman] stated that the partnership with George Gillett’s group will be a good addition to F6. This partnership will provide a lot of investments in football, racing and sports media in Saudi Arabia and the Middle East.”
Prince Faisal confirmed that the deals were done following Liverpool’s 6-1 defeat of Hull City at Anfield on Saturday, a game he attended as a guest of the club. “We have signed several contracts with Liverpool after visiting the club and attending the match with Hull City in the Premier League,” he told Al Riyadh daily newspaper. “The contracts are basically sports investments, which also include establishing football academies that will definitely help the future of Saudi sports in the future.”
Prince Faisal has claimed that he is closing in on purchasing a 50 per cent share of Liverpool, for a price of between £200 and £350 million, but Gillett views the reports as premature and is holding talks with a number of interested parties.
The deal was signed with George Gillett Jr., the Liverpool co-owner, and will seek to set up two exclusive academies in Saudi Arabia and two in North Africa while also extending the interests of the American’s NASCAR franchise, Richard Petty Motorsports.
“The memorandum of understanding will establish an exclusive partnership between F6 group, Liverpool FC and Richard Petty Motorsports team,” a statement released by the company read.
“His Highness Prince Faisal [the F6 chairman] stated that the partnership with George Gillett’s group will be a good addition to F6. This partnership will provide a lot of investments in football, racing and sports media in Saudi Arabia and the Middle East.”
Prince Faisal confirmed that the deals were done following Liverpool’s 6-1 defeat of Hull City at Anfield on Saturday, a game he attended as a guest of the club. “We have signed several contracts with Liverpool after visiting the club and attending the match with Hull City in the Premier League,” he told Al Riyadh daily newspaper. “The contracts are basically sports investments, which also include establishing football academies that will definitely help the future of Saudi sports in the future.”
Prince Faisal has claimed that he is closing in on purchasing a 50 per cent share of Liverpool, for a price of between £200 and £350 million, but Gillett views the reports as premature and is holding talks with a number of interested parties.
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