Journalist David Lynch has been discussing the potential Liverpool takeover by the rumoured Saudi-Qatari coalition.
Speaking on the Blood Red Podcast, the Anfield reporter suggests a takeover bid has emerged due to the improving relations between the two states. Furthermore, he claims that neither party would want to engage in a mammoth bidding war, so instead they have decided to join forces.
“Yeah, so it’s still early days in this takeover process, but I’ve been told that one of the parties that are leading the interest is a joint consortium of Saudi and Qatar investors,” Lynch said.
“It would have been unthinkable a couple of years ago given the diplomatic relations between those countries, but things have thawed considerably in the last couple of years. We’ve seen their rulers sat next to each other at the World Cup and things look a lot brighter, and that’s opened up the possibility of these two companies form these companies to bid for Liverpool.
“The opening bid they’re hoping to lodge to FSG is around £3.2bn, and that’s a bid that is going to come with a lot of wealth behind it. The fact they’ve paired up because they didn’t want to be the two richest sides of a bidding war and allow the price to get out of control is an interesting one. It’s not something you could’ve envisioned a couple of years ago.”
“Things have completely changed and Liverpool may be part of a strategy to be an olive branch of sorts to bring these two together and buy the club.”
Lynch discusses the Saudi-Qatari takeover
In what came as a massive surprise, Lynch broke the news that a joint Saudi-Qatari consortium had emerged as a strong early contender to buy Liverpool from Fenway Sports Group.
Although both sides of the party have been heavily discussed, the possibility of a joint venture was never a proposition being considered.
Now, the Merseyside club could find themselves being backed by two incredibly wealthy consortiums.
They wouldn’t possess the wealth of Newcastle United’s Public Investment Fund as these prospective buyers would be privately owned. However, this sort of takeover would make Liverpool one of the richest clubs in world football.
As Lynch says, this move would have been unprecedented a few years ago. Now, it is becoming a more regular occurrence.