Home
http://www.football365.com/story/0,17033,8652_3145037,00.html
DIC are reportedly on the verge of completing their takeover of Liverpool.
According to The Daily Mirror, the Dubai International Capital group - the investment arm of the Dubai government - have reached an 'outline agreement' with current owners Tom Hicks and George Gillett to buy the club for around £460million.
The Mirror claims that 'sources in New York' have confirmed that a deal is in place, and could be completed by the middle of March.
DIC failed in their initial bid to buy Liverpool when Hicks and Gillett took over in 2007, but are now prepared to effectively double the Americans' money for the club.
Hicks and Gillett recently completed a £350million refinancing deal on the money they borrowed to buy the club, which left Liverpool saddled with around £105million of debt.
While Rafa Benitez has, to put it mildly, had his disagreements with Hicks and Gillett, the takeover might not be the best news for him after all.
Reports earlier this week suggested that DIC were not convinced that Benitez was the right man to take Liverpool forward, having been less than impressed with his public rows with the current owners.
Your Comments
ZintyD
"what happened to all the fans putting 5k in a pot?"
ManWhoAskedWhy
"KBILL, Obviously you never been to DUBAI, or have no clue what Dubai is all about to be saying and steriotyping the way you just did."
guerner54
"im a liverpool fan and this is getting beyond a joke! summit needs to happen in world football cos the papers are goin to town on storys about liverpool!! LEAVE MY CLUB ALONE and leave RAFA alone!! "
guerillagorilla
"Yator, what r u talking about? not everyone gets bought by impossibly rich oligarchs. how do u think the Glazers funded their takeover of Man U? and you really think Randy Lerner had hundreds of millions in cash sitting in his pocket? learn how it works first. DIC would be good news for the Pool, ultra-rich, actually like watching footy. would treat it like a toy a la Roman Chelski. cant be bad."
RobbieStyles
"My beloved LFC has been pimped & whored for the money!!! When will it stop................"
KBill05
"Yator.. the Glazers bought Man Utd almost entirely by factoring the debt against the clubs future revenue. Chelski is the exception to the rule, not the norm - very few people or companies pay actual cash for major assets in any field. Additionally what's to say DIC will be an improvementon the septics, yes they're cash rich, as the investment arm of Dubai DIC has circa 20 billion to invest in a wide range of industries and countries in an attempt to diversify their portfolio and spread risk with an eye on a future where oil won't be a sustainable export so they tick the box of being cash-rich but then they also represent a country and undemocratic ruling elite that refuses to recognise the existence of israel, won't allow women to drive and considers a father killing his daughter if she gets pregnant without being married as perfectly acceptable... do we really want them running LFC, doubt Yossi will be around long which might not be a great footballing loss but Rafa will be harder to replace."
timdibs
"can we not wait till confirmed news??"
kingpin5
"anyone else bored of hearing about the pool? what a load of rubbish. sack rafa, sack half the team, sack half the bored, rebuild and in about 10 years time ye can talk about winning the league again....like ye do every year."
Mark07968
"Lets all get on the big red rollercoaster again wooooooooooooooooooooooooooooooooooooooooooooooooo weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee"
coloneldecker
"I don't know if DIC will actually be any better than the yanks but I think Rafa goin would be a step in the right direction. He's done loads for the club but his stubborness and messin with the team has gone too far now and it's holding us back. This story could so easily be a work of utter fiction though, 'sources in New York' is so conviniently vague."
DIC are reportedly on the verge of completing their takeover of Liverpool.
According to The Daily Mirror, the Dubai International Capital group - the investment arm of the Dubai government - have reached an 'outline agreement' with current owners Tom Hicks and George Gillett to buy the club for around £460million.
The Mirror claims that 'sources in New York' have confirmed that a deal is in place, and could be completed by the middle of March.
DIC failed in their initial bid to buy Liverpool when Hicks and Gillett took over in 2007, but are now prepared to effectively double the Americans' money for the club.
Hicks and Gillett recently completed a £350million refinancing deal on the money they borrowed to buy the club, which left Liverpool saddled with around £105million of debt.
While Rafa Benitez has, to put it mildly, had his disagreements with Hicks and Gillett, the takeover might not be the best news for him after all.
Reports earlier this week suggested that DIC were not convinced that Benitez was the right man to take Liverpool forward, having been less than impressed with his public rows with the current owners.
Your Comments
ZintyD
"what happened to all the fans putting 5k in a pot?"
ManWhoAskedWhy
"KBILL, Obviously you never been to DUBAI, or have no clue what Dubai is all about to be saying and steriotyping the way you just did."
guerner54
"im a liverpool fan and this is getting beyond a joke! summit needs to happen in world football cos the papers are goin to town on storys about liverpool!! LEAVE MY CLUB ALONE and leave RAFA alone!! "
guerillagorilla
"Yator, what r u talking about? not everyone gets bought by impossibly rich oligarchs. how do u think the Glazers funded their takeover of Man U? and you really think Randy Lerner had hundreds of millions in cash sitting in his pocket? learn how it works first. DIC would be good news for the Pool, ultra-rich, actually like watching footy. would treat it like a toy a la Roman Chelski. cant be bad."
RobbieStyles
"My beloved LFC has been pimped & whored for the money!!! When will it stop................"
KBill05
"Yator.. the Glazers bought Man Utd almost entirely by factoring the debt against the clubs future revenue. Chelski is the exception to the rule, not the norm - very few people or companies pay actual cash for major assets in any field. Additionally what's to say DIC will be an improvementon the septics, yes they're cash rich, as the investment arm of Dubai DIC has circa 20 billion to invest in a wide range of industries and countries in an attempt to diversify their portfolio and spread risk with an eye on a future where oil won't be a sustainable export so they tick the box of being cash-rich but then they also represent a country and undemocratic ruling elite that refuses to recognise the existence of israel, won't allow women to drive and considers a father killing his daughter if she gets pregnant without being married as perfectly acceptable... do we really want them running LFC, doubt Yossi will be around long which might not be a great footballing loss but Rafa will be harder to replace."
timdibs
"can we not wait till confirmed news??"
kingpin5
"anyone else bored of hearing about the pool? what a load of rubbish. sack rafa, sack half the team, sack half the bored, rebuild and in about 10 years time ye can talk about winning the league again....like ye do every year."
Mark07968
"Lets all get on the big red rollercoaster again wooooooooooooooooooooooooooooooooooooooooooooooooo weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee"
coloneldecker
"I don't know if DIC will actually be any better than the yanks but I think Rafa goin would be a step in the right direction. He's done loads for the club but his stubborness and messin with the team has gone too far now and it's holding us back. This story could so easily be a work of utter fiction though, 'sources in New York' is so conviniently vague."
