Saudi company confirms Liverpool link

Saudi Arabian sports investment company F6 have confirmed they have reached an agreement with Liverpool to establish a number of football academies in the region, while chairman Prince Faisal bin Fahad bin Abdulla Al Saud also reiterated his desire to buy a 50% stake in the Premier League club.

The deal signed with Reds co-owner George Gillett will seek to set-up two exclusive academies in Saudi Arabia and two in North Africa while also extending the interests of the American’s NASCAR franchise Richard Petty Motorsports.