DIC have pulled out

[Dhav]

I don't know where you are getting the information from in your inital paragraph.
Moores agreed to deal with them "in principle" says to me he waned to sell his shares to them. But in practice he has a duty to act in the best interests of the shareholders and to ignore a rival bid which is better is 1)Amateurish 2)Illegal and 3)Potentially jeopardises a deal with DIC.

What you have to remember is we are a PLC and we are subject to certain laws in the way we conduct takeovers.

Mate read everything that has been said - it is not an issue of the club considering the second bid that has pissed off DIC - it is that the board has acted duplicitously. Depending on what reports you read the board have either tried to play Gillette or DIC off each other, or simply been negotiating with Gillette behind DIC's back and fobbing DIC off.

[Red Chilli]

[QUOTE=tomasjj;268721]

The Daily Post understands the investment arm of the Dubai government abandoned its £450m bid over a squabble sparked by LFC's demands for just an extra £8m.
It is believed DIC, owned by Sheikh Mohammed, felt club chair- man David Moores was playing the two competing sides off against each other and behaved "dishonourably".QUOTE]

Now if this is true THEN I will be mad.

Don't believe it unless there are quotes or evidence to back it up.
What is more likely is that the board felt compelled to recommend Gillett's offer over DIC's because Gillett offered more , possibly 8 million more. DIC had the chance to increase their bid but chose not to. The board's hands were tied.

[Jayesh87]

Why hasn't Moores or Parry come out and said something on the dic collapse??

FFS !

[AFII]

[QUOTE=tomasjj;268721]

The Daily Post understands the investment arm of the Dubai government abandoned its £450m bid over a squabble sparked by LFC's demands for just an extra £8m.
It is believed DIC, owned by Sheikh Mohammed, felt club chair- man David Moores was playing the two competing sides off against each other and behaved "dishonourably".QUOTE]

Now if this is true THEN I will be mad.

You wouldn't be alone and if this is true then forget about that Moores always puts the club first. Money first and the club second is what it sounds like.

Some Liverpool supporter

[Dhav]

Whether it's true or not the burden of proof is with DIC. THey have to PROVE beyond reasonable doubt to a court of law that the board acted amateurishly.
Very difficult to do and they'd probably settle out of court.

Yeah, but I believe it would be easy for them to prove our board has a reputation for being amateurish in general anyway, so no harm was done with these comments.

Besides, it's a bit late for our board to start taking the moral high ground

[Red Chilli]

If what your telling me is true then why not say this to DIC? Why not tell them we have to look at the deal it's a legal requiement? What all the cloak and dagger stuff? Why not be straight with them from the start?

It's bollocks we were days away from being owned by the 5th richest man in the world and now we are going to be owned by someone who has got about as much financial clout as Morgan. I don't want LFC to be a rich mans playing thing but at the same time I want us to be able to compete. It seems that Gillet doesn't have the financial muscle we need.

You are letting your disappointment cloud your judgement about our board.
Fair enough, that's how most are feeling.
But how do you know our board didn't say to DIC "We have 2 bids in front of us, the other bid i for more money than yours, the board feels it has to recommend the bigger offer to the shareholders, please up your bid" ?

[Dhav]

If what your telling me is true then why not say this to DIC? Why not tell them we have to look at the deal it's a legal requiement? What all the cloak and dagger stuff? Why not be straight with them from the start?

It's bollocks we were days away from being owned by the 5th richest man in the world and now we are going to be owned by someone who has got about as much financial clout as Morgan. I don't want LFC to be a rich mans playing thing but at the same time I want us to be able to compete. It seems that Gillet doesn't have the financial muscle we need.

I believe this is they key point that has scuppered the DIC deal.

[Red Chilli]

Why hasn't Moores or Parry come out and said something on the dic collapse??

FFS !

Because they act with integrity not like petulent kids.
The club has made a statement, that's it.

[PerUlv]

I can see a lot of people defending the board. When u look at the club has been runned over the past years. How many years have they been talking about investment. A stadium (now it cost a lot more then when it started). A non exsisting market strategy. Liverpool was and still are one of the biggest clubs in the world and still we are earning nothing compared to the other big clubs. Do you call this ok?? How about last and this years shirt sales. They couldnt produce fast enough. We lost at lot of money on this. And when I lot of people are blaming the supplier, the club are responsible for making shure this dont happen. I will and always will blame Moores and Parry for this.

Remember that Gilette will have to take up big loans to buy the club and he will probaly move that to the club as soon as possible. £80 million now. In a month £500............

[disco]

Why hasn't Moores or Parry come out and said something on the dic collapse??

FFS !

Unless they make a holding statement today, I think the next thing we'll hear if Gillet taking over the club.

[Pacman]

Why hasn't Moores or Parry come out and said something on the dic collapse??

FFS !

exactly.

Their silence speaks volumes to me.

[Red Chilli]

[QUOTE=AFII;268734]

You wouldn't be alone and if this is true then forget about that Moores always puts the club first. Money first and the club second is what it sounds like.

Some Liverpool supporter

Oh kindly **** off with comments like that.

So DIC are bigger LFC fans, that's why they've run to Geordieland?

FFS

[alunevans]

[QUOTE=Red Chilli;268730]

Don't believe it unless there are quotes or evidence to back it up.
What is more likely is that the board felt compelled to recommend Gillett's offer over DIC's because Gillett offered more , possibly 8 million more. DIC had the chance to increase their bid but chose not to. The board's hands were tied.

Can the legal eagles answer this one. Is the board obliged to recommend the HIGHEST bid, or is it legal for them to say "you are the HIGHEST bid, but the other one is the BEST bid for the future of the organisation in our view, and so we will be recommending that one instead."

[Dhav]

You are letting your disappointment cloud your judgement about our board.
Fair enough, that's how most are feeling.
But how do you know our board didn't say to DIC "We have 2 bids in front of us, the other bid i for more money than yours, the board feels it has to recommend the bigger offer to the shareholders, please up your bid" ?

Mate read the reports in the Times, Telegraph etc. They say DIC frantically tried to get in touch with Parry and Moores, but they kept getting fobbed off and were getting ambiguous and unclear responses from them. A DIC representative even had to go to London to see them personally as a result. Yet all the time the board were meeting, with Gillette in attendance. Cloak and dagger stuff, as Pacman says.

These are not tabloid papers, and given what our board is like, I would not rule out as being true some of the allegations written.

[Red Chilli]

I can see a lot of people defending the board. When u look at the club has been runned over the past years. How many years have they been talking about investment. A stadium (now it cost a lot more then when it started). A non exsisting market strategy. Liverpool was and still are one of the biggest clubs in the world and still we are earning nothing compared to the other big clubs. Do you call this ok?? How about last and this years shirt sales. They couldnt produce fast enough. We lost at lot of money on this. And when I lot of people are blaming the supplier, the club are responsible for making shure this dont happen. I will and always will blame Moores and Parry for this.

Remember that Gilette will have to take up big loans to buy the club and he will probaly move that to the club as soon as possible. £80 million now. In a month £500............

Defending the board against ridiculous tabloid journalistic pot shots? YES
Defending the board in the last 2 decades? NO