Saudi prince looks to buy 50 percent stake in British football club Liverpool

A Saudi prince wants to buy half of the debt-saddled football club Liverpool, in a deal worth up to $560 million that would mark the latest buy-in by Gulf investors in an English Premier League team.

Prince Faisal bin Fahd bin Abdullah al-Saud — who chairs Saudi holding company FAMA Group and the F6 sports investment firm — was quoted by the Saudi Al-Riyadh newspaper on Sunday as saying that "we are seeking, at present, to own a 50 percent stake in the club."

"The value of the transaction, which is nearing resolution, will be between 200 million pounds ($320 million) and 350 million pounds ($560 million)," al-Saud was quoted as saying.