Saudi Prince Faisal bin Fahd bin Abdullah believes talks over his F6 company buying a stake in Liverpool are approaching a conclusion.
Prince Faisal’s comments came as Liverpool co-owner George Gillett visited Riyadh.
He said: “Our negotiations to buy shares in Liverpool are ongoing, meetings are taking place and we might be in the final stages in the coming days.”
Gillett was in Riyadh mainly to discuss a project regarding the creation of Liverpool academies around the region, Prince Faisal added.
Gillett and club co-owner Tom Hicks have been seeking new investment in Liverpool after refinancing some of the club’s large debt during the summer.
The two met with Prince Sultan bin Fahd, president of the Saudi Youth Welfare organisation and chairman of the Saudi League, on Wednesday.
“The purpose of the visit of the owner of Liverpool Football Club to Saudi Arabia is to understand the sports industry and to learn about the facilities and the potential of the main clubs in order to set up the Liverpool Academy in Saudi Arabia,” Prince Faisal said.