Liverpool co-owner George Gillett has played down speculation that a buy-out of the Premier League club is imminent.

Widespread reports suggested Prince Faisal bin Fahd bin Abdullah al-Saud's F6 investment vehicle had been given the go-ahead to carry out exclusive due diligence with a view to buying into the club after he attended Liverpool's 6-1 win over Hull at Anfield on Saturday.

However, Gillett insisted the future ownership of the club was not on the agenda at the meeting while F6 director Barry Didato confirmed the due diligence process taking place relates to other commercial opportunities and "does not involve the possibility of an immediate investment in Liverpool", with any possible transaction being "several months away".

Gillett said: "We had a marvellous meeting with them on Saturday and they were impressed with the club, but the academies in Saudi Arabia and North Africa and their possible involvement in NASCAR-type racing in the Middle East were the only items on the agenda."

Gillett and co-owner Tom Hicks confirmed this week that they had "retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into Liverpool FC".

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