Investment Delay?

[Rocket]

its a big step for the club

i think its actually a very good thing

i'd much rather this than them regret it later

[Kopite_Colin]

Any board would do the same, it's just edgy when you know how long we've waited for this and when you know how much cash Sheikh Mohammed potentially has to invest in us. It may be just that the Non-Executive Directors (if we have any) of the club just doing their job and preventing the Exceutive Directors from closing the deal without at least looking at the details of Gillett's bid. Good business practice and all that....

[Dhav]

Never heard of that 75% before. 50.1% is enough to take over the club.
Thinking back to the SCUM takeover, Glazier needed 75% of the shares to take the club off the stock market, maybe you are getting confused with this figure.
90% of share ownership means that he can enforce other shareholders to sell to him.

Hmmm. Perhaps. Just remember 75% being an important threshold for changing the memorandum and articles of association of a company.

Or some **** like that.

[Biff]

We never do things the easy way......

[Red_Polo]

Bid Rejected According To Ssn!!!!!

I'll belieb it when I see it mate

[Guest]

Many newspapers are reporting that the board haven't received a bid from DIC yet but that they will give it until the end of the week to make a final decision on whether to opt for Gillett's or DIC's offer.

Concerning the Gillett offer, it's logical that shareholders are willing to listen what he has to say, as he's offering them more bucks for their share. At the end of the day, it will be Parry's duty (and Moores's) to convince them if the deal is right or not for the club.

[AFII]

We will know next week. I can understand the delay. It's the most important decision in the clubs history.

[Sprouty]

From The Guardian.

The Anfield board met before the game and while it is yet to receive a formal bid from Dubai International Capital, it is understood to have opted to seek more time as it assesses an approach from the US businessman George Gillett. DIC remains the chairman David Moores' favoured bidder but other shareholders, notably Granada, which owns 9.9%, want to consider a bid which would value shares at nearer £5,000 compared to DIC's £4,500.

[Shanks65]

From The Guardian.

The Anfield board met before the game and while it is yet to receive a formal bid from Dubai International Capital, it is understood to have opted to seek more time as it assesses an approach from the US businessman George Gillett. DIC remains the chairman David Moores' favoured bidder but other shareholders, notably Granada, which owns 9.9%, want to consider a bid which would value shares at nearer £5,000 compared to DIC's £4,500.

Seems to make perfect sense to me.

Moores et al have to see what kind of final offer Gillett is gonna come up with before signing over to DIC. It's what all businesses would do in the same situation.

I'm sure DIC will sign on soon enough. This is just the last throw of the dice from the American fella.

[bazza76]

Seems to make perfect sense to me.

Moores et al have to see what kind of final offer Gillett is gonna come up with before signing over to DIC. It's what all businesses would do in the same situation.

I'm sure DIC will sign on soon enough. This is just the last throw of the dice from the American fella.

I was under the impression that Moores wont sell to anyone who is not interested in building a new stadium just for LFC and not a shared stadium, this fact alone would pretty much rule out Gillette, if rumours of him wanting to share a stadium with Everton are correct.
I'm pretty sure Moores will run that issue by him, and Gillette's bid is possibly taking this route into consideration and not building a new stadium. Therefore having more money to throw at the board for their shares.
I wonder if DIC would up their bid though, in light of this new offer?.

[Taffy]

Considering the latest news last week that Gillet is offering more per share to LFC this comes as no surprise to me.

DIC are still in pole position in my opinion as they've been through due dilligence and are ready to formally bid for the club. LFC's position in this is interesting as they now have the option of letting Gillet look at the books already knowing that he's willing to offer more per share for the club. No-one on here really knows what both DIC and Gillet will offer as a package and what investment packages comes with the deal (i.e. new stadium, transfer money, etc.), so all we can do is let the club make their own decision and hope it is the right one for us.

We have until early summer for this to be sorted so that the money's in place to fund transfers once the window opens once again, so we have a number of months for this to end. Let's stay calm and see what comes out in the press and what the club announces with regards this process.

I'm sure both Moores and Parry will do the right thing by the club and go for the better investment option in the end - as long as things are sorted by the end of the season!

I'm still hopeful that DIC will get the club soon, and I guess it's normal that the club want to get it right and take their time making such a big decision that will have a major effect on the history of this great club.

[Los Rojos]

Good post Taffy.

This twist in the saga is still frustrating though after the length of time it's been dragging on. I'd like to see DIC tie this deal up as soon as they can so we can move on and start focusing more on the football and winning the Premiership.

[captainfog]

This is on the Beeb website now:

Liverpool stall on takeover bid

Liverpool have decided not to formally accept the £156m takeover bid from Dubai International Capital (DIC).
It is a turnaround from what had been expected and comes after a board meeting on Tuesday evening, casting doubt on the proposed buy-out.

Liverpool now appear to want more time to consider a revised offer from George Gillett, the owner of Montreal Canadiens ice hockey team.

A final decision is expected to be made by the end of the week.

DIC has completed due diligence and wants to make its formal bid, via the Stock Exchange, for Liverpool chairman and owner David Moores' 51.6% majority shareholding early next week.

It believes Moores was in favour of a bid which would have given him £80m at £4,500 a share.

Gillett's original offer had been rejected before Christmas, but last week he submitted a new offer by letter to Moores which upped the bid to give Moores £88m for his holding.

[tomasjj]

From The Guardian.

The Anfield board met before the game and while it is yet to receive a formal bid from Dubai International Capital, it is understood to have opted to seek more time as it assesses an approach from the US businessman George Gillett. DIC remains the chairman David Moores' favoured bidder but other shareholders, notably Granada, which owns 9.9%, want to consider a bid which would value shares at nearer £5,000 compared to DIC's £4,500.

Greedy Granada?
They own 10 % compared to Moores 51 and should pipe down and fall into line.

[G]

From The Guardian.

The Anfield board met before the game and while it is yet to receive a formal bid from Dubai International Capital, it is understood to have opted to seek more time as it assesses an approach from the US businessman George Gillett. DIC remains the chairman David Moores' favoured bidder but other shareholders, notably Granada, which owns 9.9%, want to consider a bid which would value shares at nearer £5,000 compared to DIC's £4,500.

So what happened to doing what is right for the club rather than shareholders pockets.All along we've been told that they believe DIC 's bid to be the best one for the club,in terms of finance and long term future,Gillet stumps up a few quid more and that ideal gets thrown out the window.