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Liverpool Takeover: Arab and Canadian Consortium Set to Buy Club?

Anfield nearing new ownership?

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An copy of the Champions League trophy stands on top of a gate outside Liverpool's Anfield stadium in Liverpool, northern England April 16, 2010. Premier League club Liverpool went up for sale Friday after American owners Tom Hicks and George Gillett appointed Barclays Capital to find a buyer. REUTERS/Phil Noble (BRITAIN - Tags: BUSINESS SPORT SOCCER)

Liverpool have witnessed a twist in their takeover saga after the emergance of reports that a consortium of Arab and Canadian businessmen are in advanced discussions with the Premier League club.

Kenny Huang was thought to be in pole position to buyout American duo George Gillettand Tom Hicks at Anfield, and Sky Sports News reported on Tuesday that the Chinese tycoon had made a formal offer.

But now a group containing investors from the Middle East and Canada, fronted by former Syria international Yahya Kirdi, are said to be finalising a purchase price, repayment of debt and financing for Liverpool’s planned new stadium.

Co-owner Gillett is understood to have introduced Kirdi, a Unicef representative, to senior Anfield staff and the Royal Bank of Scotland, to which the club owes a reported £250million.

Sky Sports News have quoted Kirdi as saying: “Liverpool is a massive football club with passionate and proud fans in Merseyside and in every part of the world.

“With additional money to improve the squad and financing in place to build the new stadium, Liverpool will be on a solid foundation to compete in the Premiership and in Europe for years to come.”

Gillett and Hicks put Liverpool up for sale in May and appointed Martin Broughton as chairman to oversee the process and Barclays Capitalhas been hired to assist. (Sky Sports)

It seems that there is a groundswell of interest in the Anfield club and with any luck, and for the club’s supporters sake, the American pair of Tom Hicks and George Gillett will be on their way out before too long. The statement from Fernando Torres may well have helped steady the ship somewhat also.

This consortium from the Middle East, with some Canadian backing, could be a more financially viable option and as long as the new owners can pay off the massive debts and has enough on top to get the Americans to move along then perhaps with substantial backing the Merseyside club could back on its feet again.

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