Things had started so well for the visitors when Kiernan Dewsbury-Hall gave them a surprise lead early on but a nightmare seven- minute spell for Faes turned the match on its head.
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Liverpool were level on 38 minutes as Faes failed to deal with a wayward cross from the right and his attempted clearance looped over Leicester goalkeeper Danny Ward and in-off the post.
"Wout Faes, what are you doing?" Micky Gray said on commentary for talkSPORT.
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"I hope we can find out at the end of this game that Danny Ward has said 'Keeper's' and tried to let get that ball to fall through to him because there's no need for him to try and make that clearance.
"A ridiculous equalising goal from no threat whatsoever. It was a poor cross into the box and what a stroke of luck for Liverpool."
It got worse for the Faes on the stroke of half-time as the ball rebounded off him and into his own net AGAIN after Darwin Nunez's dinked effort over Ward came back off the post.
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"When you think you've seen it all something else comes round the corner just 30 seconds later," Gray said in reaction to Faes' second own goal.
"Wout Faes, my goodness. Talk about panic stations… if you know that the goal is just behind you, take your time, be patient, clear your lines and then think about where the ball is after that.
"What an absolute nightmare he's had."
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That proved to be the decisive moment as Liverpool went on to win the match 2-1 with both sides missing a series of chances in the second half.
Leicester boss Brendan Rodgers wasn't too harsh on Faes afer the game, given the Belgian has enjoyed an impressive season so far.
"(The first one) is a decision you make as a defender in the game," Rodgers said. "There is no real trouble, the ball is coming into Danny's hands but as a defender you make those decisions.
"But since he has been with us he has been absolutely brilliant. He normally makes the right decisions. It was just freakish and he has been unfortunate with the second one also.
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"It is obviously disappointing for him, more with the first one, but he is a really strong character.
"He has been at the World Cup but didn't play a minute so it might take him a few games to get his rhythm back. He has shown the level he can get to. Tonight was unfortunate for him but I thought he responded brilliantly in the second half."
And although Jurgen Klopp was happy to take the points in Liverpool's final game of 2022, he too had sympathy for Faes.
"Yeah, I had that once in my career where a player scored two own goals and I really feel for him," Klopp said.
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"The first one was absolutely unlucky. How can it be more unlucky? Then the second one, if you play football, you go full speed, you expect the ball to go in, that's what your brain tells you, and when it hits the post, you cannot react.
"Of course I feel sympathy, there is space for that but whatever I say now will not change that. But the boy will get through this, Brendan will help him and everything will be fine."