Friday, August 13, 2010

Sharjah Royal Family Behind Yahya Kirdi's Bid To Buy Liverpool

Yahya Kirdi's proposed bid to purchase Liverpool is being backed by members the ruling al-Qasimi family of Sharjah, according to a report from The Guardian.

Syrian businessman Kirdi has claimed that his bid is backed by significant investors in the Middle East and Canada, though the individuals concerned are yet to be named or presented to Reds chairman Martin Broughton.

Kirdi is believed to have authority to represent the family in business dealings.

The report claims that the al-Qasimi family has been negotiating through Kirdi directly with owners Tom Hicks and George Gillett since October to buy the club.

The al-Qasimis have ruled Sharjah, the third richest of the United Arab Emirates, for centuries, though are not believed to be the Gulf state's richest family.

The Guardian claims that a deal has in principle been agreed between the buyers and Hicks and Gillet. This deal would see the investors take over the club, Liverpool's debts to Royal Bank of Scotland and Wachovia paid off and a new stadium funded by a 15-year finance arrangement.

The Liverpool board is scheduled to meet later this week to discuss the issue of the club's sale.

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