DIC have pulled out

[Pacman]

Why so?

You don't get the chance to cross the same Arab twice.

[Liverpool]

I have never been so angry for many a year at the sheer incompetence displayed by Moores and the board of LFC in acting in such a way that DIC turned their back on the club. In spite of the assurances of Moores and Parry that they only had the interests of the club at heart it is clear that at the last greed triumphed and DIC were approached to up their offer for the club.Given that they had been given assurances that the deal they offered was to go ahead they viewed this as a clear breach of trust and reacted by withdrawing their offer.I don't nblame them. Honourable people do not go back on their word. Moores did and we all suffer the consequences. DIC are now barred by stock exchange rules from bidding again within the next six months. The club are now left with only the Gillett bid on the table. The new stadium building needs to start by March to fulfil the timetable of the NWDA and European money. They will have to accept this bid to proceed. DIC are a multi billion pound organisation whose employees shared a love of LFC. Gillett is a 70? year old American with no previous record of an interest in football and LFC in particular. I have no doubt he calls the sport "soccer". He has a fortune at most of £500 million but is bidding £450 million for the club. He will not spend his own money on this . He will borrow it all and when he takes total control of the club he will load all this debt onto the books of LFC. The fans, via the club, will take on the repayments. Gillett will sit tight for a few years then he will take the club to the stock exchange and hope to make a killing. This is a nightmare scenario. An old, not particularly rich,American with no known love of football or LFC takes total control of our beloved club. To allow this situation to develop is incompetence on a staggering scale and rememeber it took Moores and the board THREE YEARS to arrive at this outcome.Absolutely unbelievabe. And the root of it all-greed!

[Guest]

Chill lads.

[Red Chilli]

You don't get the chance to cross the same Arab twice.

If you say so, but I was merely pointing out, Parry probably has a lot on his plate at the moment.

I've just remembered I must get my hair cut too

[Red Chilli]

I have never been so angry for many a year at the sheer incompetence displayed by Moores and the board of LFC in acting in such a way that DIC turned their back on the club.

Yeah but you're only a teenager

[AFII]

That article is exactly how I feel.

"It now appears that George Gillett is in prime position to take over. So we must assume that all that talk of longstanding supporters respecting the history and tradition of the club being the most important factors in the decision of who the board do business with, was all just a pack of lies".

[Guest]

Dubai 'the ideal partner' for new LFC stadium deal

Dec 5 2006

By Sam Lister Daily Post Staff

An artist's impression of how the inside Liverpool FC's new stadium will look

LIVERPOOL FC chief executive Rick Parry last night described potential investor Dubai International Capital as an "ideal partner" for a deal that would ensure a new stadium at Stanley Park.

In his first statement about the potential £400m takeover last night, Mr Parry said the investment arm of the Dubai government had the philosophy and resources the club was looking for.

If it goes ahead, it could revolutionise the club by funding the new 60,000-seater stadium, clearing the club's £80m debt, and allow them to compete for the biggest players in the game.

Mr Parry confirmed the club had started exclusive negotiations with DIC about a takeover. "This is the latest step on the road of finding the long-term investment that the club needs," he said.

"DIC is a potential investor with the resources and philosophy that we believe could make them an ideal partner.

"Already they have demonstrated a full understanding of, and respect for, the club's heritage and values. We also believe they share our passion for success.

"In particular, DIC believes in investing in the businesses it acquires. This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community.

"On the pitch, Liverpool remains focused on winning and, here again, this is all about doing a deal that gives us the long-term resources to do that."

Liverpool will play a Champions League group game against Galatasaray in Istanbul today.

Manager Rafael Benitez said last night: "I knew the news and was talking with the chairman and Rick Parry the other day, but we can't do anything at the moment about this other than think about the game against Galatasaray. But it's always important to have more possibilities and more money."

DIC confirmed it was embarking on a process of due diligence at Anfield, examining details of the club's financial affairs before they sign the agreement.

But no deal has yet been agreed with the company, which owns Tussauds and the London Eye, and is linked to Dubai's ruling Maktoum family.

Sheikh Mohammed bin Rashid al-Maktoum is Prime Minister and Vice President of the United Arab Emirates, as well as the ruler of Dubai.

With an estimated personal wealth of $10bn, there are only four men on the planet with more cash than him.

Sameer Al Ansari, chief executive officer of DIC, said: "DIC has a strong track record as a very 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 we hope we can agree a deal that will provide the club with the funds it needs, both on and off the pitch."

The announcement was greeted cautiously in the city last night.

Steve Broomhead, chief executive of the North West Development Agency, has so far refused to hand over £9m for the club's preparatory works on the £200m Stanley Park stadium because of the uncertainty over how it would fund the scheme.

He told the Daily Post: "I welcome the news that the due diligence process is under way with the Dubai consortium.

"I would want to have a conversation with any new owners at the earliest possible opportunity about their long-term commitment to the regeneration of north Liverpool. If it does go ahead, it will be great for football and the city."

Cllr Flo Clucas, who chairs the Objective 1 projects committee which has handed over funding towards the stadium development, said: "I cannot comment on the possible Dubai investment, but I look forward to the regeneration of Anfield and the creation of new jobs, businesses and tourism."

Vimal Malik, a Dubai business expert, said: "Dubai Holdings is a business which expects to make a profit and Liverpool will be no different. The way Sheikh Mohammed runs things is to trust experts in any given field to make him money.

"He also believes in long-term gains rather than trying to make a quick buck. This deal is good and bad news for Liverpool fans. He will invest to try and be the best, but if it fails he will not be sentimental."

Bob Wareing, Labour MP for West Derby, said: "Liverpool Football Club should be owned by someone close to Anfield and with a long-standing interest in the club, not someone in Dubai."

But Peter Kilfoyle, Labour MP for Walton, said: "Liverpool needs an injection of money to keep up its long record of success.

"It's a football club and it's tradeable. They are perfectly entitled to sell it, in the same way as Man United was sold to an American."

[Flake]

THe whole "deal they had no idea about" bit. Isn't that called "L4-itis"?

I always preferred L7*














* I really didn't

[Red Chilli]

I always preferred L7*


* I really didn't

I hope we win on Saturday otherwise there will be a contract put out on Moores and Parry

[Liverpool]

Sheer bloody incompetence

I have been so angry since the DIC announcement that I have been unable to consider any rational post. I am still angry but need to get out some of my feelings. I have posted the following on the official LFC site. Doubt it will last long given the aenemic stuff on there. I assume censorship is at work. "I have never been so angry for many a year at the sheer incompetence displayed by Moores and the board of LFC in acting in such a way that DIC turned their back on the club. In spite of the assurances of Moores and Parry that they only had the interests of the club at heart it is clear that at the last greed triumphed and DIC were approached to up their offer for the club.Given that they had been given assurances that the deal they offered was to go ahead they viewed this as a clear breach of trust and reacted by withdrawing their offer.I don't blame them. Honourable people do not go back on their word. Moores did and we all suffer the consequences. DIC are now barred by stock exchange rules from bidding again within the next six months. The club are now left with only the Gillett bid on the table. The new stadium building needs to start by March to fulfil the timetable of the NWDA and European money. They will have to accept this bid to proceed. DIC are a multi billion pound organisation whose employees shared a love of LFC. Gillett is a 70? year old American with no previous record of an interest in football and LFC in particular. I have no doubt he calls the sport "soccer". He has a fortune at most of £500 million but is bidding £450 million for the club. He will not spend his own money on this . He will borrow it all and when he takes total control of the club he will load all this debt onto the books of LFC. The fans, via the club, will take on the repayments. Gillett will sit tight for a few years then he will take the club to the stock exchange and hope to make a killing. This is a nightmare scenario. An old, not particularly rich,American with no known love of football or LFC takes total control of our beleoved club. To allow this situation to develop is incompetence on a staggering scale and remember it took Moores and the board THREE YEARS to arrive at this outcome.Absolutely unbelievabe. And the root of it all-greed!" I do not want Gillett anywhere near this club.He is a poor mans Glazer. He is in for the money and only for the money and if Moores sells out to him it will be a triumph of greed over principle. So much for his love of the club.

[IanTatt]

I can't beleive Moores is going to screw over the club he loves for the sake of a few mil. He's making a huge prifit anyway. This American guy has an estimated fortune of £500 mil. That's **** all when you compare that to the billions the DIC group have at their disposal. How the **** is this guy going to finance the new stadium and get us top class talent every year with that amount.... he's not even a fan. Morgan has a personal funtune around that and he's a fan... FFS........ The DIC guy have been fans of our for 30 years and been going to Anfield regalarly... A complete **** up and All for a few extra quid. Hold your hed in shame Moores, what a C***!!!!!

[Guest]

[Guest]

flmao

[Red Chilli]

I can't beleive Moores is going to screw over the club he loves for the sake of a few mil. He's making a huge prifit anyway. This American guy has an estimated fortune of £500 mil. That's **** all when you compare that to the billions the DIC group have at their disposal. How the **** is this guy going to finance the new stadium and get us top class talent every year with that amount.... he's not even a fan. Morgan has a personal funtune around that and he's a fan... FFS........ The DIC guy have been fans of our for 30 years and been going to Anfield regalarly... A complete **** up and All for a few extra quid. Hold your hed in shame Moores, what a C***!!!!!

Yeah, you're right. Oh well, never mind

[Rich]

That is unreadable!