DIC have pulled out

[Shaggy]

Too long to read

Yep, it's yet another illuminating statement from the club. It's got Ian Cotton written all over it.

[AFII]

Gillett is now our only option. No Gillett means no new stadium for a long time.

[RoadEnd]

Anyone looking to invest in the club has got to be in it for the money. Unless we find a billionnaire philanthropist.

Neither DIC or Gillett are considering an investment for love. An "investment" is to make money.

Personally, I would be wary about anyone - but as the game is now controlled by money we haven't got much choice.

As far as DIC are concerned - consider Liverpool making an offer for a player. That player agrees to join in principal but then gets an offer from another club for more money. He then can't make his mind up. Liverpool would tell them to "F'ck off" as they shouldn't need to think about it. Lucas Neill ring any bells. That's what we appear to have done to DIC.

But WTF do I know

[RedJedi]

http://www.liverpoolfc.tv/news/drill...70131-1845.htm

Well feck me, i was hoping for a little more than that.

Must have spent hours coming up with that.

[tomasjj]

Gillett is now our only option. No Gillett means no new stadium for a long time.

Ever the drama queen.

[Shaggy]

Gillett - the best the Reds can get.

[cobain]

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

Still can't get through this...

[CharlieMansonsSquint]

Another Ian Cotton classic?

[AFII]

Ever the drama queen.

The truth hurts sometimes

What would happen if Gillet for some reason pulls out?

We are £80m in debt.

[Bigpapa]

Check this out George Gillett Jr.

http://en.wikipedia.org/wiki/George_N._Gillett_Jr

[Jayesh87]

Gillett is now our only option. No Gillett means no new stadium for a long time.

He is worth $860 million, not sure what that is in pounds?

He is 68 ffs!

[Armchairkopite]

wheres the readers digest version

[AFII]

He is worth $860 million, not sure what that is in pounds?

He is 68 ffs!

That's not enough to cover all the costs.

[MORPHEUS]

Another Ian Cotton classic?

I think he's on an illegal substance. He's definitely not of this world.

[TheStig]

He is worth $860 million, not sure what that is in pounds?

He is 68 ffs!

At a guess, around £450m. Is that enough?