DIC have pulled out

[kopdan]

lets be fair here

Utd still spend more money than us oh and Utd are top of the league

So Glazer hasnt been bad for Utd

Why is Gillett bad for LFC?

Or is it because he's american or did some of you believe we were the new Chelsea?

[Revo]

what the **** does gillette know about liverpool. i will bet you anything the dubai people caught moores and that board shower of ***** double dipping. once again we are not able to take any steps forward. this is the lowest point of moores chairmanship and the old ****ing cronies that surround him. whats best for liverpool my arse the greedy *****. as soon as i heard morgan was back on the scene i knew things were to good to be true. no matter how much money this clown operation come in with they will simply never have the class that the dubai people would have brought with them

[DeeGame]

Consortium pulls out of Reds bid

Dubai International Capital has pulled out of proposed takeover of Liverpool.
The announcement follows the failure of the club's board to formally accept DIC's bid in the wake of a second offer from American George Gillett.

DIC claimed the offer had been accepted in principle by majority shareholder David Moores but they were unable to make a formal offer to shareholders.

DIC chief executive Sameer Al Ansari said the group was disappointed but added: "We won't overpay for assets."

The BBC's sports editor Mihir Bose believes Sheikh Mohammed was angry with Liverpool's courting with American tycoon George Gillett who is expected to make a revised takeover bid.

Bose said: "Mohammed is a very angry man and that is why he has pulled out. He was given assurances by Liverpool that they would go with them but the talk of other offers has unsettled him and he has pulled out.

"DIC saw this as business enterprise but Gillett has told Liverpool that they are a sports franchise and they know how to run sports operations.

"With Gillett it won't be like an Roman Abramovich deep pockets scenario."

http://news.bbc.co.uk/sport1/hi/foot...ol/6318091.stm

[carheex]

I don't believe this Gillet fella will bring that sort of money without going into debt. Yanks know **** all about football as well.

It hasn't done man utd much harm having yanks in control...

[tomasjj]

STATEMENT FROM DUBAI INTERNATIONAL CAPITAL LLC

Dubai International Capital LLC (‘DIC’) today announces that it has decided to end negotiations with Liverpool FC & Athletic Grounds plc (“Liverpool”) about a possible investment in the club.

Having completed due diligence, DIC submitted a comprehensive offer to the Liverpool board. The offer had been accepted in principle by majority shareholder David Moores. It appears that the Liverpool board and the majority shareholder David Moores were unable to approve these terms in order to allow DIC to make a formal offer to all shareholders.

As part of this negotiation and at the request of the Liverpool board, DIC tabled detailed proposals regarding the financing, construction and delivery of the new stadium for the start of the 2009/10 season. In addition, DIC was also prepared to give assurances regarding funding for new players, at levels above what the club had previously budgeted for. However, despite providing all assurances that were requested of DIC, it appears that the Liverpool board was unable to recommend our proposed offer to the shareholders.
Sameer Al Ansari, executive chairman and chief executive officer of DIC, said: "We are very disappointed to be making this announcement. DIC is a serious investor with considerable resources at its disposal. At the same time, we are supporters - of the game and of the club. Liverpool's investment requirements have been well publicised and, after a huge amount of work, we proposed a deal that would provide the club with the funds it needs, both on and off the pitch. We were also prepared to offer shareholders a significant premium on the market price of the shares. However, we will not overpay for assets.

“Liverpool is the most successful football club in English football history. It exists to win things for its supporters. It deserves to be in the hands of people who support it, who understand its history and legend and who share the enthusiasm and passion of its fans. As businessmen, we move on. As fans, we hope that the new owners would share the same vision as we had for LFC and, of course, in realising the new stadium that is so badly needed to ensure the club can continue to compete at the highest level in the Premiership and Europe. I am sure I will be back at Anfield with my family soon to support my team, as I have done so in the last 30-plus years. In the meantime, I wish the manager, the players and everyone connected with the club the best of fortune for the challenges ahead and will make sure that I am there the day they lift the Premiership trophy.”

Nooooooooooooooooo

[Monty]

I don't understand peoples antipathy to Americans in this thread. DIC were hardly a traditional Liverpudlian/English/British business. What is important is that we get owners willing to fund our new stadium, some new players and who have the ability to run the commercial side more agressively than we have been.

For me, it's just not the Liverpool way if you know what I mean.

[Mumsafan]

Donald trump declared himself Bankrupt once, and now he's worth $4bil

Good grief - imagine having him own it!

[Eth]

I was actually having a really nice day today aswell - sitting thinkin about our new midfield and catching Utd in the premiership - eating a subway melt and drinking some juice - then bang - wrecked.

DeeGame - I hate you

[Morph]

c'mon it was funny

[DeeGame]

I was actually having a really nice day today aswell - sitting thinkin about our new midfield and catching Utd in the premiership - eating a subway melt and drinking some juice - then bang - wrecked.

DeeGame - I hate you

Me

[anfieldanfield]

STATEMENT FROM DUBAI INTERNATIONAL CAPITAL LLC

Dubai International Capital LLC (‘DIC’) today announces that it has decided to end negotiations with Liverpool FC & Athletic Grounds plc (“Liverpool”) about a possible investment in the club.

Having completed due diligence, DIC submitted a comprehensive offer to the Liverpool board. The offer had been accepted in principle by majority shareholder David Moores. It appears that the Liverpool board and the majority shareholder David Moores were unable to approve these terms in order to allow DIC to make a formal offer to all shareholders.

As part of this negotiation and at the request of the Liverpool board, DIC tabled detailed proposals regarding the financing, construction and delivery of the new stadium for the start of the 2009/10 season. In addition, DIC was also prepared to give assurances regarding funding for new players, at levels above what the club had previously budgeted for. However, despite providing all assurances that were requested of DIC, it appears that the Liverpool board was unable to recommend our proposed offer to the shareholders.
Sameer Al Ansari, executive chairman and chief executive officer of DIC, said: "We are very disappointed to be making this announcement. DIC is a serious investor with considerable resources at its disposal. At the same time, we are supporters - of the game and of the club. Liverpool's investment requirements have been well publicised and, after a huge amount of work, we proposed a deal that would provide the club with the funds it needs, both on and off the pitch. We were also prepared to offer shareholders a significant premium on the market price of the shares. However, we will not overpay for assets.

“Liverpool is the most successful football club in English football history. It exists to win things for its supporters. It deserves to be in the hands of people who support it, who understand its history and legend and who share the enthusiasm and passion of its fans. As businessmen, we move on. As fans, we hope that the new owners would share the same vision as we had for LFC and, of course, in realising the new stadium that is so badly needed to ensure the club can continue to compete at the highest level in the Premiership and Europe. I am sure I will be back at Anfield with my family soon to support my team, as I have done so in the last 30-plus years. In the meantime, I wish the manager, the players and everyone connected with the club the best of fortune for the challenges ahead and will make sure that I am there the day they lift the Premiership trophy.”

Nooooooooooooooooo

I am so pissed off, it's untrue.

How on earth have Parry and Moores managed to **** this one up ?!

[KK07]

Disaster.

To me I'd be more worried as to what does this mean long term.
Obviouly everything is not well in the boardroom and now the next potential owner knows Moores didin't want him in.

Will he be willing to make the same concessions he would have done before now?
(ie: agreeing to keep certain long term club traditions and structures in place)

Plus the fact the our dirty laundry will no doubt be all over the papers come tomorrow.

That is all,back to chat chat for me.

[Mumsafan]

It hasn't done man utd much harm having yanks in control...

United are winning the league with players they had before he took over and with a manager with a PL pedigree. I don't think Glazer has anything to do with that. They are still in debt off the pitch.

[Tee]

if that **** George Gillett even utters the words ground share again, i will cut off his balls...

We should cut his balls off anyway for ****ing up this deal.

I am switching to BIC razors from tomorrow morning. We should all boycott Gillette.

[Red Chilli]

Fair play to kurtangle01 I say