Saudi Arabian Prince Faisal bin Fahd has pulled out of investment talks with Liverpool.
The People says the Anfield club were in talks with the wealthy Arab owner of sports company F6 who was wooed by co-owner George Gillett to buy a big chunk of the famous club.
Prince Faisal was a VIP guest at the thrashing of Hull earlier in the season and also invited Gillett to his Arabian base to discuss the possibility of taking a financial stake in the Kop.
But the young Sheikh has told his closest aides to scrap any plans - despite the fact that Liverpool are out of the Champions League and more keen on a deal than ever.