UAE Sheikhdom rules out Liverpool purchase 11/06/2010 |
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Liverpool’s hopes of finding fresh investment suffered a blow after Ras al Khaimah, one of the seven emirates which make up the United Arab Emirates, ruled out a move for the club.
Liverpool, who are currently searching for a manager, failed to qualify for next season’s Champions League and are keen to lure new investors.
But according to the head of RAK Investment Authroity, Crown Prince Sheikh Saud bin Saqr al-Qassimi has no interest in buying into the troubled Premier League side.
“We are not in football clubs,” Khater Massaad. “We don’t have enough money and we are not really in this business.”
Ras al Khaimah, a rocky outcrop along the Persian Gulf, has attracted as much as $3 billion in industrial investments in the past four years.
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