Liverpool sale dealt negotiations blow

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The Independent Football

The Liverpool owner's attempts to sell the club have been dealt a blow after a Kuwaiti investment consortium interested in buying the club said negotiations were "going really badly".

The owners Tom Hicks and George Gillett have valued the Merseyside club at £500m, a valuation the interested party feel is too high.

Abdulla Al-Sager, one of the possible investors in the consortium headed by Kuwait's Al-Kharafi family, told Bloomberg: "Things are going really badly, because they are asking for too much.

"I don't think anything will happen unless we get a better price."

Hicks and Gillett need to refinance Liverpool's £300m debt in July. If they are unable to do so the Americans may be forced to lower their valuation.

It is understood that Hicks wishes to retain his 50 per cent share in the club, and would ideally like to find an investment partner to buy Gillett's half.