DIC have pulled out

[carrsim]

**** me there are some overreactions on here

at no time do Moores, Parry or anyone connected to LFC owe DIC or anyone else a goddamn ****ing thing.

it's "unprofessional" for LFC's shareholders to consider a higher offer the club?

or is it just plain annoying for them that someone else thinks we're worth more than they do?

DIC, Gillet or anyone else who buys into top level football now stands to make a ****load of cash over the next 3 years and beyond

so excuse us if don't just flog our club just because we let you have a look at our books. it took you long enough to go through it- why was that? thorough or just making sure that we are as profitable as you'd hoped from the outside?

there's a reason why DM and RP have backed away from DIC and considered the new bid from Gillet. None of us know what it is so we'll just ahve to wait

all this "the board are imbeciles" and the american xenophobia (as well as a few sweeping statements about arabs) is an absolute disgrace imo not just to liverpool fans but any decent human being

[Armchairkopite]

wheres the readers digest version

[tomasjj]

wheres the readers digest version

Here:


http://www.est1892.co.uk/forums/showthread.php?t=13037

[CharlieMansonsSquint]

He's been inducted into the Skiing Hall of Fame.

Beats Racehorses.

[The Barber]

http://www.bbc.co.uk/dna/606/A19411256

Dubai or not to buy?
Premiership | Liverpool
by Phil McNulty - BBC Sport 31 January 2007

Dubai International Capital's decision to walk away from its proposed takeover of Liverpool is the end of a love affair that grew cold with astonishing speed.

It was only a fortnight ago that Liverpool chief executive Rick Parry was in bullish mood about the arrival at the Shankly Gates of the investment arm of the Dubai government.

He told BBC Five Live's Sportsweek: "A huge amount of work has been going on, we'll have something to say soon.

"Yes, the deal is looking positive and yes, I'm confident it will go through. This will take us to the next level.

"But it's not a quick fix, a rich man's plaything. It's a long-term model for success, based around the new stadium."

Not any more it isn't.

It appears hesitation on the part of the Liverpool board, led by chairman David Moores, to formally accept DIC's bid in the wake of a second offer from American George Gillett has killed the deal stone dead.

This was meant to be the dream scenario for Liverpool. The deal that would see the Sheikhs of Dubai lavishing riches on Anfield that would put them alongside Chelsea.

It was never going to be work of a maverick benefactor on a Roman Abramovich scale, DIC is too shrewd and businesslike for that, but it seemed a perfect fit.

Now it appears that, as far as Moores and Parry are concerned, Gillett is the best a man can get.

Gillett may prove a palatable alternative - and do not rule out interest from other parties waiting in the wings as DIC pulled out.

DIC was welcomed with open arms by both Liverpool Football Club and their fans.

Serious people with serious investment and serious lovers of sport. There was even talk of some of the DIC hierarchy having Liverpool screen-savers on their mobile phones.

Boyhood fans and all that.

But it is clear this trail has been going cold over the last few days as the shadow of Gillett, owner of Montreal Canadiens ice hockey team, suddenly re-emerged.

Gillett appeared to have been seen off by DIC, and initial suggestions that Liverpool may take his renewed takeover bid seriously were swiftly sidelined by sources within Anfield.

But Gillett has made crucial moves in the last week that forced Liverpool to reconsider him as a serious proposition.

He completed his due diligence programme within three days - after DIC had taken the best part of a month over the same process.

He happily agreed to personally underwrite the potential £200m-plus cost of a new stadium without hesitation.

Was DIC reluctant to underwrite in such a fashion? If it was, it may have suggested to Liverpool a slight dent in their enthusiasm.

He delivered guarantees on future transfer funds.

And, crucially, Gillett was able to reject what some previously saw as a key plank of his proposal - namely a groundshare with neighbours Everton.

Liverpool chairman Moores, who owns 51.6% of the club, would get £8m more from the Gillett deal, but it would be unfair to suggest this would sway a deal.

Moores has never been motivated by personal gain from Liverpool - which suggests he was having serious reservations about choosing DIC ahead of Gillett over and above financial considerations.

I understand Moores has recently come under pressure from minor shareholders to consider Gillett's offer, which is worth £500 a share more than DIC's.

Now DIC have made that decision for him and only time will tell if Moores' hesitation to rubber-stamp a deal at a London Docklands hotel on Tuesday will be fatal.

Gillett covers many bases for Liverpool.

He is rich. He is a sports lover.

But Liverpool have trumpeted the merits of the DIC proposal so loudly, it will be interested to see how they pitch Gillett as the new dream ticket.

One thing is certain. Any deal must be done quickly and DIC's withdrawal has hardly accelerated the process.

Building work on Liverpool's new stadium is scheduled to start in March - and finance from a new owner is at the very heart of the foundations.

Liverpool cannot delay further. And Gillett is now in pole position to exploit DIC's withdrawal.

[Bigpapa]

Does anyone know how much of the $860 millions is on future funds generated from tickets sales or selling his meats.

[animal magic]

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

its £438million to be exact

[RedJedi]

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

He is 68 ffs!

I wonder if he's got a little bimbo wife who will be our new owner when he drops dead.

Its like feckin Dream Team

[Red Chilli]

Good post carrsim

[Red_Polo]

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

...and not much else

[Jayesh87]

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

Enough to buy us, build a stadium and clear our debt.

But i presume he would have to sell all his assetts to have that money? So i presume he will be borrowing the majority if not all the money.

[Morph]

its £438million to be exact

look at me with my XE.com currency conversion

[animal magic]

look at me with my XE.com currency conversion

[Morph]

Enough to buy us, build a stadium and clear our debt.

But i presume he would have to sell all his assetts to have that money? So i presume he will be borrowing the majority if not all the money.

which begs the question of why don't we just do that ourselves?

[TheStig]

its £438million to be exact

A good estimate from myself then .

Enough to buy us, build a stadium and clear our debt.

But i presume he would have to sell all his assetts to have that money? So i presume he will be borrowing the majority if not all the money.

Yeah think so, it's hard to say as we know literally nothing about his bid.