Earlier this month, Gillett travelled to Saudi Arabia to meet Prince Faisal bin Fahd bin Abdullah al-Saud, who may acquire "anything from nought to 100%" of the club, according to his aides.

BBC: Reds fans march in owner protest

In mid-June, as the White House was drafting the President's Middle East policy speech, Saudi Foreign Minister Prince Saud al-Faisal met with Bush and handed him a letter from his uncle Abdullah urging the U.S. to promote a "clear vision" in the speech, including geographical boundaries and a timetable for Palestinian statehood.

CNN: Do We Still Need the Saudis?