From today's Times:
Prince Faisal bin Fahd bin Abdullah al-Saud, a member of the Saudi Arabian Royal Family who claimed he is ready to offer up to £350 million for a 50 per cent stake in Liverpool at the weekend, has confirmed that a deal has been done with the Merseyside club that will lead to the opening of two academies, one in Saudi Arabia and the other in North Africa.
The agreement signed by Gillett and Prince Faisal on behalf of the F6 group he chairs will also extend the interests of the American's Nascar franchise. "The memorandum of understanding with the George Gillett group will establish an exclusive partnership between F6 group, Liverpool FC and Richard Petty Motorsports team," an F6 statement read. "His Highness Prince Faisal stated that the partnership with George Gillett's group will be a good addition to F6. This partnership will provide a lot of investments in football, racing and sports media in Saudi Arabia and the Middle East."