Libyan investor eyes on English clubs

Al Saadi, the fourth son of Muammar Gaddafi, the Libyan dictator, might invest in Liverpool. Saadi is a keen admirer of the club, and although five years ago Liverpool turned down his indirect approach for investments, it is believed that that his interest in investing in the club has been increased following the failure of Liverpool to attract funding from Thailand. State-owned Libyan Arab Foreign Investment Co. already owns a 7.5 percent stake in Italian club Juventus and Al-Saadi was a member of the club’s board until last October, resigning after signing to play pro for Italian Perugia.  Gaddafi had been also linked with English Crystal Palace by the UK press, rumors that were further strengthened by Palace’s owner, Simon Jordan, who said he would not rule out selling to Gaddafi. A spokesman for Gaddafi denied any knowledge of such a situation. It would be very unlikely that Gaddafi would become involved in football. His father’s green book, which has been the bible for Libya since the colonel seized power in the Sixties, makes it clear that watching organized sport is harmful for the people, although his son is allowed to indulge his passion for the game. Jordan, who has guided the club back to the Premier League after a nine-year absence, has pledged to consider the club’s best interests when he negotiates any future sale of his stake. "I have a responsibility to Palace and I take that very seriously but I also have the right to leave. Whether I go tomorrow or in 10 years, I will always make sure the club's best interests are served” he told media.

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