Things started so well for the visitors when Kiernan Dewsbury-Hall gave them a surprise lead early on but a nightmare seven minutes for Faes turned the match on its head.
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Jurgen Klopp's men got level on 38 minutes as Faes failed to deal with a wayward cross from the right as the ball looped over Leicester goalkeeper Danny Ward and in-off the post.
"An extraordinary own goal, you will not believe it," Joe Shennan said on commentary for talkSPORT. "There was no pressure on Wout Faes whatsoever… it is a horror moment for the Belgian."
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"Wout Faes, what are you doing?" Micky Gray added.
"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.