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Beeb reckon £156m for the Takeover!

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    #31
    Who is Sheikh Mohammed?
    By Cornelius Lysaght
    BBC racing correspondent



    Sheikh Mohammed bin Rashid Al Maktoum - to give him his full name - has built the biggest bloodstock empire there's ever been.

    And now he is the central figure in one of football's biggest takeovers as the investment arm of Dubai's government nears a buy-out of Liverpool FC.

    Comparisons have already been made with Chelsea's billionaire Russian owner Roman Abramovich, but the Sheikh is a man apart - one who has helped revolutionise the world of horse racing.

    A keen and talented horseman in his native Dubai, he was educated in Britain, at the Sandhurst Military Academy, and is said to have taken a train to see the horse credited with giving him a first taste of racing success.

    She was called Hatta, trained by John Dunlop, and won the unremarkable Bevendene Maiden Stakes at Brighton in June 1977, worth a mere £968.

    Within a few years the Sheikh, now 57, the ruler of Dubai and number two in the whole United Arab Emirates (UAE), was travelling by chauffeur-driven limo and helicopter to see his dozens of horses in action.

    His brothers Sheikhs Maktoum, Hamdan and Ahmed were involved too, and today they own a total of about 3,000 horses worldwide, but mainly in Britain.

    Probably the most successful are members of the Godolphin stable, founded by Sheikh Mohammed in 1992, so that he could have a hands-on role in the training.

    The idea was, and basically still is, that while Europe shivered during its winter, the horses would benefit from being stabled in the Dubai sunshine before returning for the European summer.

    This system had the added advantage for the Sheikh that he could oversee his equine investments while also staying close to the day-to-day running of his homeland.

    Godolphin has been generally highly successful, and has played a big part in the commercial development of Dubai as one of the world's most sought-after sporting, holiday and business destinations.

    Horses with names like Dubai Millennium (Sheikh Mohammed's favourite) and Dubai Destination have kept the area's name prominent in the minds of the well-heeled that are marketing targets.

    And the employment of an exuberant and popular stable jockey in Frankie Dettori has helped raise the profile further.

    The Maktoums' investment in racing over the last 30 years or so has spelled nothing short of a revolution.

    That £968 purse at Brighton suddenly feels a lifetime away: Sheikh Mohammed and his brothers have pumped millions of their oil, tourism and shipping dollars into the sport.

    Their deadly rivals at the Irish-based Coolmore operation apart, they dominate world racing.

    Much of the investment has proved a triumph, with Godolphin winning more than 130 top races in 11 different countries.

    Though, just as in football, money does not guarantee success.

    Famously, Sheikh Mohammed paid a whopping $10.2m (£5m) in 1983 for Snaafi Dancer, a horse that was not only so slow that he never raced, but at stud he proved infertile as well.

    Friends speak of a man who is fiercely competitive, highly ambitious - reports suggest he is the world's fifth richest man, but he does not enjoy finishing fifth - and a lover of all sports, so a move into football is an understandable one.

    He once wrote: "In the race for excellence, there's no finish line". It could almost read: "The Uefa Cup is not an option".

    Of course, Liverpool fans are Merseyside's Reds. But Team Godolphin, because of the colour of their racing silks, are known as the Boys in Blue.

    What a lot of fun those that dream up the chants from the terraces - particularly blue Evertonians - are going to have with all this.

    http://news.bbc.co.uk/sport1/hi/foot...ol/6210366.stm

    Comment


      #32
      The takeover of Liverpool remains on course but is not expected to be completed until the end of the month or even early February.

      The inspection of the club's accounts by the potential new owners Dubai International Capital (DIC) is continuing but Liverpool's directors have put off any idea of holding a board meeting until closer to the actual handover.

      The due diligence process is now expected to be completed around the end of the month - meaning that the budget for any new signings for Rafael Benitez's side during the transfer window will have to be independent of any DIC cash.

      Liverpool bosses decided against holding a board meeting on Tuesday and will wait until DIC have virtually completed the due diligence process before the directors get together to discuss the £450million takeover again.

      A source close to the club said: "Due diligence is continuing and going very well but no formal offer can be made until that is completed.

      "Everything is on track and everyone is working towards completing the process by the end of the month.

      "Speculation that a board meeting was being held on Tuesday to finalise matters is inaccurate."

      DIC, an investment arm of Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum, are pressing ahead with the takeover but inactivity over the Christmas period and the complicated nature of the deal - which includes funding a brand new stadium - means the due diligence is taking considerably longer than with the recent takeover of West Ham, for example.
      The future you have, tomorrow, won't be the same future you had, yesterday.

      Comment


        #33
        Originally posted by animal magic View Post
        The takeover of Liverpool remains on course but is not expected to be completed until the end of the month or even early February.

        The inspection of the club's accounts by the potential new owners Dubai International Capital (DIC) is continuing but Liverpool's directors have put off any idea of holding a board meeting until closer to the actual handover.

        The due diligence process is now expected to be completed around the end of the month - meaning that the budget for any new signings for Rafael Benitez's side during the transfer window will have to be independent of any DIC cash.

        Liverpool bosses decided against holding a board meeting on Tuesday and will wait until DIC have virtually completed the due diligence process before the directors get together to discuss the £450million takeover again.

        A source close to the club said: "Due diligence is continuing and going very well but no formal offer can be made until that is completed.

        "Everything is on track and everyone is working towards completing the process by the end of the month.

        "Speculation that a board meeting was being held on Tuesday to finalise matters is inaccurate."

        DIC, an investment arm of Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum, are pressing ahead with the takeover but inactivity over the Christmas period and the complicated nature of the deal - which includes funding a brand new stadium - means the due diligence is taking considerably longer than with the recent takeover of West Ham, for example.

        http://www.breakingnews.ie/2007/01/16/story293633.html

        Comment


          #34
          never heard of that breakingnews site so dont read too much into it.
          "What's your favourite Beatles album then?"
          "I think I'd have to say....Best of the Beatles"

          Comment


            #35
            Anyone see local BBC news earlier? Tony Livsey went to Dubai (he used to live there anyway) to meet LFC fans out there and other such stuff. It was an interesting report, and naturally everybody he spoke to spoke glowingly of Sheikh Mo' - although it came to light that the Sheikh's son is a massive United fan and has a horse called Waynerooney!

            Anyway Livsey, back in the studio at the end, said a meeting between the two boards was postponed today but he is very confident that the deal will be signed and sealed by early next week.
            Thanks very much for being ‘This Mornings’ Farmer’

            Comment


              #36
              I heard about the one on Granada

              Reporter sat on the beach, grabs a handful of sand, says "this is Glazer."

              Gets a handful of sand in the other hand, says "and this is Roman"

              He then said, "well the rest of the beach is the sheik"
              "What's your favourite Beatles album then?"
              "I think I'd have to say....Best of the Beatles"

              Comment


                #37
                Originally posted by kopdan View Post
                I heard about the one on Granada

                Reporter sat on the beach, grabs a handful of sand, says "this is Glazer."

                Gets a handful of sand in the other hand, says "and this is Roman"

                He then said, "well the rest of the beach is the sheik"
                That was on BBC north west last night.
                Babel fanclub member # 4!!!

                **** OFF MOURINHO!!!!!!:whatever:

                Comment


                  #38
                  I wasnt far off then

                  I was told Granada but its all the same ****e isnt it Shaggy
                  "What's your favourite Beatles album then?"
                  "I think I'd have to say....Best of the Beatles"

                  Comment


                    #39
                    The story about a board meeting today to finalise the deal is not true, according to liverpool.no The deal will be done at the end of january/start of february.
                    No small toffees for feast tonight
                    Kopites party with tyrkish delight
                    José, Sir Alex... London press
                    All choking on sweet success
                    Money, not love, is your drive
                    But tell us...
                    Can you count to five?

                    Comment


                      #40
                      Originally posted by kopdan View Post
                      I heard about the one on Granada

                      Reporter sat on the beach, grabs a handful of sand, says "this is Glazer."

                      Gets a handful of sand in the other hand, says "and this is Roman"

                      He then said, "well the rest of the beach is the sheik"
                      That's good enough for me
                      Just believe and you never know what will happen.

                      According to Benitez it's important not simply to go out to win but to go out prepared to win, which means players have to put in the same level of work on a daily basis. Anything else is unacceptable.

                      Comment


                        #41
                        Originally posted by AFII View Post
                        That's good enough for me
                        Just a shame it isn't the Sheik who is investing in us, it's DIC.
                        Originally posted by Gordon Brown
                        (1995)
                        "A weak currency is the sign of a weak economy,which is the sign of a weak government"

                        Comment


                          #42
                          Originally posted by Red Chilli View Post
                          Just a shame it isn't the Sheik who is investing in us, it's DIC.
                          The Sheikh owns the DIC so he is involved.
                          Just believe and you never know what will happen.

                          According to Benitez it's important not simply to go out to win but to go out prepared to win, which means players have to put in the same level of work on a daily basis. Anything else is unacceptable.

                          Comment


                            #43
                            But DIC exists to make money out of it's investments, whereas Abramovic isn't trying to make any money from his Chelsea investment.

                            It's a crucial difference in my opinion, the Sheikh has more money than Roman but he wants to make more whereas Roman is flashing his cash around.
                            Originally posted by Gordon Brown
                            (1995)
                            "A weak currency is the sign of a weak economy,which is the sign of a weak government"

                            Comment


                              #44
                              the guy on look north west spoke really positivly about the takeover an said it could see the shift in a power change as the sheik does not come 2nd and also said it would be very exciting times for liverpool fans
                              Oh I say his vision there was lovely

                              Comment


                                #45
                                Originally posted by rodo View Post
                                the guy on look north west spoke really positivly about the takeover an said it could see the shift in a power change as the sheik does not come 2nd and also said it would be very exciting times for liverpool fans
                                But it's not the Sheikh who is investing, it's DIC. DIC aren't investing in LFC to win the premiership, they're investing in LFC to make money.
                                Originally posted by Gordon Brown
                                (1995)
                                "A weak currency is the sign of a weak economy,which is the sign of a weak government"

                                Comment

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