Ok here is the scoop, as of the latest hours nothing has been signed yet. This is what happened in the last 48 hours.
Prince Faisal bin Fahd bin Abdullah al-Saud was a guest of George Gillett at Anfield on Saturday and on Sunday he also visited the Academy. George Gillett invited him to discuss promoting Nascar in the Middle-East and to set up Liverpool Academies in Saudi Arabia. The prince caught Gillett by surprise when he showed interest in actually purchasing 50% of the club. This is not looking likely as Tom Hicks will have to agree and he (Hicks) will only sell 25% of the club.
But hey if Prince Faisal purchases 25% that would be a good start.