DIC have pulled out

[Bob]

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.”

That statement is basically a thirteen year girl's love letter to the the fans of Liverpool sealed with a lipstick smeared kiss....

It's a dagger in the back of the board... and it's meant that way.

[Red Chilli]

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.

[jules] and DIC [/jules]

[The Glove]

Gillett only wants to make profit eh? Oh well. How can he do that? Takes money to make money so, he'd need to get us a new stadium, get us some players so we can win ****, then he can sell us on for a profit. Really, if he is paying 500mil for us, then who is going to be able to afford to buy is if he sells us? Not ****in many people. To get himself a profit we need to win things. We win things and Im happy.

[Kaip]

bugger

[Red_Polo]

Not being funny but shrewd businessman or not, if I was as rich as him and had a chance at owning the club, I wouldn't squabble over what is effectively loose change to him. The way he's worded that statement towards the end there almost suggests to me, dare I say it, that they might well be back in sooner or later...

[rage]

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.

DIC had values, anyone whose dealt with them and seen what they have achieved could see that. They would have used their involvement in Liverpool to increase their profile, they would have achieved this through valuing our history and building on that. The yank **** just wants to make money. That's his history!

We all liked the idea of a fan leading DIC, the yank **** probably doesn't even know where Liverpool is on a map.

We **** with people who do business the old fashioned way we get shafted, obviously Moores had agreed in principle with DIC, obviously he went back on that agreement and DIC have walked away. Moores owns the club, it was with him DIC talked with and agreed the deal (through Parry) and not the board. **** the board, the responsibility for this debacle lies at Moores feet.

And to those who think we can compete without investment, take off those rose tinted glasses. We need investment for the stadium and we need investment to compete on the pitch. When was the last time we were really in for a well established great player that was really coverted by other teams across Europe.

I'm angry, we've ****ed up possibily the greatest opportunity to see our club move forward in the way we would all have liked. Chances like this don't come twice.

[Revo]

bascombe needs to step up to the plate and critisise the board

[Morph]

That statement is basically a thirteen year girl's love letter to the the fans of Liverpool sealed with a lipstick smeared kiss....

It's a dagger in the back of the board... and it's meant that way.

Or a veiled hint that he's not severed all ties with LFC?

[Eth]

That statement is basically a thirteen year girl's love letter to the the fans of Liverpool sealed with a lipstick smeared kiss....

It's a dagger in the back of the board... and it's meant that way.

It worked - I feel like lighting fires

[Morph]

bascombe needs to step up to the plate and critisise the board

why?

[Jayesh87]

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

It hurts reading that

[kopdan]

now make of this as you will the boss here said to me the other day that DIC would pull out. Not sure if the timing is right though with Gillette's offer.

I of course thought he was winding me up and to this day believed he was messing. But he maintained it would collapse.

I may have to start listening to him in future

[Shaggy]

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?

For a start the c*nt wants to groundshare. Come on mate, now ain't the time to be the smug devil's advocate.

[Bob]

Good grief - imagine having him own it!

I can see it now... Assistant manager... apprentice style.

Ruth Badger sitting beside Rafa in the dug out.

[Fierce]

This is quite possibly the most amazing thread i've ever seen on this site

Seriously, its incredible