A Saudi prince said on Sunday he was prepared to spend up to 350 million pounds to buy a 50 percent stake in English soccer club Liverpool, Al-Riyadh newspaper quoted him as saying.

"We are currently seeking to buy 50 percent of the shares in the club which is now suffering of debts worth 245 million pounds," Prince Faisal bin Fahd bin Abdullah, who chairs private firm F6 and a Saudi-based holding firm called Fama Group, was quoted as saying.

"The transaction, upon which a decision is close to be reached, will be worth 200 to 350 million pounds," he said,  according to the newspaper.

Liverpool is England's most successful club with 18 English league titles and five European Cup triumphs.

A Fama spokesman declined to comment. - Reuters