To celebrate the country’s 44th anniversary, Kippreport brings you some interesting details about the EmiratesDecember 1, 2015 5:27
Liverpool to get new owner?
According to reports, Saudi’s Prince Faisal bin Fahd bin Abdullah is planning to buy a 50 percent stake in the English football club. But will the deal be signed?
September 28, 2009 1:16 by kippreport
Although Prince Faisal might actually have plans to buy the club, the whole thing may also turn out to be a rumor; in June this year, the UAE’s official news agency, WAM, reported that Sheikh Ahmed bin Saqr Al Qassimi, a member of Ras al-Khamah’s ruling family, had bought 60 percent of an unspecified Premier League club, adding that more details about the deal would be announced at a press conference soon.
However, the agency later carried a report denying the news. “Sheikh Ahmed … denied the report carried by the media about him closing a deal to buy 60 percent of an English club,” it said.
But there have been some high profile investments into English football clubs from the region; in September last year, Abu Dhabi businessman Suleiman Al Fahim facilitated the purchase of premier league club Manchester City by the Abu Dhabi United Group for Development and Investment (ADUG) for $384.4 million.
“Our goal is very simple – to make Manchester City the biggest club in the Premier League,” Al Fahim had said when the deal was made. He also said that they would “solve all the club problems,” clear pending payments and buy “some of the best football players in the world”. Earlier this year, the club pumped $190 million to include new players.
Last month, Al Fahim bought Portsmouth Football Club for about a reported $127 million. “I like competition, I like to be a winner and I want to show with this club you can make money,” he told Bloomberg earlier this month.
“You don’t make money from the club itself,” he said. “You make money from the football stadium, merchandising, branding and real estate.”
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