Seems as we all know, Gillette may be examining the books in vain.
Moores gets ready to sell Liverpool to Arab bidder
Oliver Kay
Dubai International Capital (DIC) is expected to launch its takeover of Liverpool after next weekend’s Merseyside derby against Everton, despite the club’s announcement last night that they have received a rival approach from Robert Gillett, the American sports tycoon.
Liverpool confirmed to the Stock Exchange shortly before last night’s close of business that Gillett, owner of the Montreal Canadiens ice hockey franchise, had made an approach “which may or may not lead to an offer”, but, regardless of the American’s plans, DIC, the private-equity investment arm of the Arab state, remains by far the club’s favoured bidder.
DIC’s offer was expected to be made official at the start of this month, but the due diligence process has taken longer than was anticipated, prompting Gillett to write to the club’s board last weekend informing them of his intention to make an offer.
However, Sameer al-Ansari, DIC’s chief executive, is expected to attend next Saturday’s match against Everton at Anfield and to stay in Merseyside to make a formal announcement early the next week.
David Moores, the Liverpool chairman, has already signalled his willingness to accept DIC’s £80 million offer for his 51.6 per cent shareholding, an offer that would then be extended to the club’s remaining shareholders. Although Gillett’s offer may prove more lucrative for Moores, the chairman’s preference is for DIC’s bid, which significantly includes a promise to underwrite the construction of a new £200 m
illion stadium on Stanley Park. Construction of the new stadium is scheduled to begin in March.
Oliver Kay
Dubai International Capital (DIC) is expected to launch its takeover of Liverpool after next weekend’s Merseyside derby against Everton, despite the club’s announcement last night that they have received a rival approach from Robert Gillett, the American sports tycoon.
Liverpool confirmed to the Stock Exchange shortly before last night’s close of business that Gillett, owner of the Montreal Canadiens ice hockey franchise, had made an approach “which may or may not lead to an offer”, but, regardless of the American’s plans, DIC, the private-equity investment arm of the Arab state, remains by far the club’s favoured bidder.
DIC’s offer was expected to be made official at the start of this month, but the due diligence process has taken longer than was anticipated, prompting Gillett to write to the club’s board last weekend informing them of his intention to make an offer.
However, Sameer al-Ansari, DIC’s chief executive, is expected to attend next Saturday’s match against Everton at Anfield and to stay in Merseyside to make a formal announcement early the next week.
David Moores, the Liverpool chairman, has already signalled his willingness to accept DIC’s £80 million offer for his 51.6 per cent shareholding, an offer that would then be extended to the club’s remaining shareholders. Although Gillett’s offer may prove more lucrative for Moores, the chairman’s preference is for DIC’s bid, which significantly includes a promise to underwrite the construction of a new £200 m
illion stadium on Stanley Park. Construction of the new stadium is scheduled to begin in March.
Will you apply for mode shortly ? 
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