DIC have pulled out

[Red_Polo]

"“Be assured the only thing David Moores is concerned about is the club being in the right hands for the future."


This isn't true. He even tried to make a deal with Shinawatra. How is that being in the right hands?

Blatant stalking horse.

[AFII]

Its clearly a charm offensive now. spin and all that but its clear Gillette has offered a considerable offer otherwise it wouldnt be an issue.

I agree.

Gillett has someone backing him up IMO.

[Guest]

Why champion DIC for the past 6 weeks and then say we really wanted Gillet anyway?

Did Parry champion the DIC bid ? That's the media blowing it out of all proportions mate ! He did reply to question asked to him though BUT ultimately DIC could have ****ed up the deal late on.

[Red Chilli]

I agree.

Gillett has someone backing him up IMO.

Might be Kia Joorbachian

[kopdan]

I agree.

Gillett has someone backing him up IMO.

KRAFT?

Mike Jeffries?

[Red Chilli]

KRAFT?

Mike Jeffries?

Shinawatra?

[BobTheCharmer]

KRAFT?

Mike Jeffries?

Dirk Benedict?

[Red Chilli]

Dirk Benedict?

Shilpa Shetty?

[DeeGame]

Shilpa Shetty?

[Guest]

KRAFT?

Mike Jeffries?

Mike Jeffries, that former member of Koptalk ?

[Guest]

Latest News: Duncan Oldham is considering a swoop.

[ronan]

Latest News: Duncan Oldham is considering a scoop of ice cream.

[Pacman]

Did Parry champion the DIC bid ? That's the media blowing it out of all proportions mate ! He did reply to question asked to him though BUT ultimately DIC could have ****ed up the deal late on.

There is a good article by Bascombe in the echo and the last 2 paragraphys of page 3 is why I don't believe him

[Guest]

Gillett: the perfect choice for Reds orbest a club can get?

Feb 1 2007

North West Sports Reporter of the Year CHRIS BASCOMBE on collapse of Dubai deal and challenge to keep fans onside

by Chris Bascombe, Liverpool Echo

David Moores

SUCH has been the shift within Liverpool’s boardroom over the past 48 hours, one wonders what happened to the earthquake warnings?

After two months of strategic presentation of Dubai International Capital as preservers and enhancers of the Anfield tradition, supporters are now being urged to follow the club hierarchy in the process of reassessment.

Damascus-style conversions will be easier to some than others after the re-emergence of George Gillett Jnr as likely owner of Liverpool Football Club.

When an exclusivity agreement with DIC was announced last November, the statement made it clear the Dubai-based group was favoured over the American.

Murmurings from within Anfield that Gillett’s preference for a shared stadium – today denied by Rick Parry – was a reason for his initial rejection, still cast a shadow over his interest.

It is now claimed Gillett favours nothing of the kind. But until this was confirmed today, suspicion was inevitable.

Equally tough to comprehend is the reason behind a 180-degree turn, which has more in common with skating on ice than historic decisions.

Liverpool insist the end of the DIC bid reflects a carefully considered reappraisal due to misgivings with the delay in completing the takeover.

The Anfield accounting department would appear to have more books than Central Library, such has been the time spent on due diligence.

Commitments which chairman David Moores desired were slow in coming.

Documents sent to Anfield increased rather than eased concerns. Leaks regarding the true intention of DIC raised alarms. When it was suggested DIC had a seven-year exit strategy, it was instantly denied, but the existence of the documents was damaging. The club, not DIC, would have been saddled with debts.

Six weeks on, DIC’s move was significantly different from what Liverpool expected. In fact, they made no bid, instead presenting an “expression of interest”.

Some sources suggested the Dubai group realised on closer inspection Liverpool wasn’t the club they thought. The fundamental question which may remain unanswered is who got cold feet first?

Is this truly a case of Liverpool deciding the due diligence had gone on too long, or do inklings that Dubai wanted to reassess their options and reconsider their investment having seen the books carry equal merit? We may never know.

One unconfirmed report suggested the Liverpool bid was the only one of three projects not given the go-ahead at the start of the new year by Mohammed Al Gergawi – the man within the United Arab Emirates government who Sameer Ansari needed to convince to support the proposal.

Was it this which gave the Anfield board the first hint they should keep alternative options open?

DIC wouldn’t be the first to revise an initial valuation after further scrutiny.

All suggestions of a hitch were denied by Liverpool until yesterday morning.

The club say the DIC bid was alive and well until 72 hours ago.

It’s suggested the chairman finally lost patience and invited Gillett back into contention three days ago, impressed by his decisiveness and ambition.

Gillett, either conveniently or fort-unately depending on your perspective, had already made a fresh bid and seen the books. Did he take a punt or was he encouraged more than supporters were led to believe at the time?

The board meeting on Tuesday – stunningly leaked within hours of its concl-usion – confirmed the frostiness between Moores and DIC and the revival of Gillett’s hopes.

No doubt provoked by the revelation Moores found DIC’s terms unacceptable, an ultimatum was delivered yesterday. Liverpool saw this as bullying tactics and the deal collapsed in acrimony.

A fortnight ago, Gillett’s return to the fold was being announced and then privately dismissed by some as muddying the waters in the same breath.

Suddenly, those same streams contain fountain springs.

Gillett’s due diligence process took just three days. Gillett, Liverpool fans are being told, ticks all the right boxes after all. Ignore all the negativity when the club wanted someone else, the American isn’t so bad.

That’s the new message fans are urged to consume today.

Supporters were happy to be led on an exciting journey to the United Arab Emirates six weeks ago, but convincing them to embrace the American dream will be trickier.

At this stage, it seems a case of when not if Gillett will take over. He’s not the only interested party, but he’s the only candidate under serious consideration.

That remains a source of frustration for others, whose pockets are not as deep but whose motives are beyond reproach.

Local businessman Steve Morgan, currently away working for charity in Uganda, would certainly reconsider his options at the right price, while Irishman John Miskelly would reignite his £220m bid without the process of due diligence, such is his love for the club.

Miskelly would pay £4,000 a share, which is eclipsed by the whopping £5,000 on offer from Gillett. Will Gillett revise his offer now the Arab competition has gone?

And why does Gillett crave Liverpool so much? Has he, or indeed Liverpool Football Club, done enough to convince supporters he’s the right man for the job or is simply in the right place at the right time to benefit from the DIC shambles?

Chairman Moores and his board earned hearty congratulation after the DIC announcement.

It seemed years of trust in the hierarchy was paying dividends. There was no grand appeal for support necessary for the majority of Liverpool fans, who willingly accept the notion the chairman only wants the best for the club.

With Liverpool now claiming Gillett is the favoured option – no matter how beneficial it may seem – the leap of faith demanded from fans is monumental. The PR drive will have to be ferocious.

It’s a bit like being told to open the door to an honoured guest after initially being urged to hide behind the couch if the bogeyman came knocking.

Whatever way you dress it up, signing an exclusivity agreement with a rival was hardly a ringing endorsement of the man who may now be entrusted with safeguarding the future of Liverpool Football Club.

http://tinyurl.com/ypatno

[Shaggy]

Gillett: the perfect choice for Reds or best a club can get?


North West Sports Reporter of the Year CHRIS BASCOMBE on collapse of Dubai deal and challenge to keep fans onside

by Chris Bascombe, Liverpool Echo


SUCH has been the shift within Liverpool’s boardroom over the past 48 hours, one wonders what happened to the earthquake warnings?

After two months of strategic presentation of Dubai International Capital as preservers and enhancers of the Anfield tradition, supporters are now being urged to follow the club hierarchy in the process of reassessment.

Damascus-style conversions will be easier to some than others after the re-emergence of George Gillett Jnr as likely owner of Liverpool Football Club.

When an exclusivity agreement with DIC was announced last November, the statement made it clear the Dubai-based group was favoured over the American.

Murmurings from within Anfield that Gillett’s preference for a shared stadium – today denied by Rick Parry – was a reason for his initial rejection, still cast a shadow over his interest.


It is now claimed Gillett favours nothing of the kind. But until this was confirmed today, suspicion was inevitable.


Equally tough to comprehend is the reason behind a 180-degree turn, which has more in common with skating on ice than historic decisions.


Liverpool insist the end of the DIC bid reflects a carefully considered reappraisal due to misgivings with the delay in completing the takeover.


The Anfield accounting department would appear to have more books than Central Library, such has been the time spent on due diligence.


Commitments which chairman David Moores desired were slow in coming.


Documents sent to Anfield increased rather than eased concerns. Leaks regarding the true intention of DIC raised alarms. When it was suggested DIC had a seven-year exit strategy, it was instantly denied, but the existence of the documents was damaging. The club, not DIC, would have been saddled with debts.

Six weeks on, DIC’s move was significantly different from what Liverpool expected. In fact, they made no bid, instead presenting an “expression of interest”.

Some sources suggested the Dubai group realised on closer inspection Liverpool wasn’t the club they thought. The fundamental question which may remain unanswered is who got cold feet first?

Is this truly a case of Liverpool deciding the due diligence had gone on too long, or do inklings that Dubai wanted to reassess their options and reconsider their investment having seen the books carry equal merit? We may never know.

One unconfirmed report suggested the Liverpool bid was the only one of three projects not given the go-ahead at the start of the new year by Mohammed Al Gergawi – the man within the United Arab Emirates government who Sameer Ansari needed to convince to support the proposal.

Was it this which gave the Anfield board the first hint they should keep alternative options open?

DIC wouldn’t be the first to revise an initial valuation after further scrutiny.

All suggestions of a hitch were denied by Liverpool until yesterday morning.


The club say the DIC bid was alive and well until 72 hours ago.


It’s suggested the chairman finally lost patience and invited Gillett back into contention three days ago, impressed by his decisiveness and ambition.


Gillett, either conveniently or fort-unately depending on your perspective, had already made a fresh bid and seen the books. Did he take a punt or was he encouraged more than supporters were led to believe at the time?


The board meeting on Tuesday – stunningly leaked within hours of its concl-usion – confirmed the frostiness between Moores and DIC and the revival of Gillett’s hopes.


No doubt provoked by the revelation Moores found DIC’s terms unacceptable, an ultimatum was delivered yesterday. Liverpool saw this as bullying tactics and the deal collapsed in acrimony.


A fortnight ago, Gillett’s return to the fold was being announced and then privately dismissed by some as muddying the waters in the same breath.


Suddenly, those same streams contain fountain springs.


Gillett’s due diligence process took just three days. Gillett, Liverpool fans are being told, ticks all the right boxes after all. Ignore all the negativity when the club wanted someone else, the American isn’t so bad.

That’s the new message fans are urged to consume today.

Supporters were happy to be led on an exciting journey to the United Arab Emirates six weeks ago, but convincing them to embrace the American dream will be trickier.

At this stage, it seems a case of when not if Gillett will take over. He’s not the only interested party, but he’s the only candidate under serious consideration.

That remains a source of frustration for others, whose pockets are not as deep but whose motives are beyond reproach.

Local businessman Steve Morgan, currently away working for charity in Uganda, would certainly reconsider his options at the right price, while Irishman John Miskelly would reignite his £220m bid without the process of due diligence, such is his love for the club.


Miskelly would pay £4,000 a share, which is eclipsed by the whopping £5,000 on offer from Gillett. Will Gillett revise his offer now the Arab competition has gone?


And why does Gillett crave Liverpool so much? Has he, or indeed Liverpool Football Club, done enough to convince supporters he’s the right man for the job or is simply in the right place at the right time to benefit from the DIC shambles?


Chairman Moores and his board earned hearty congratulation after the DIC announcement.


It seemed years of trust in the hierarchy was paying dividends. There was no grand appeal for support necessary for the majority of Liverpool fans, who willingly accept the notion the chairman only wants the best for the club.


With Liverpool now claiming Gillett is the favoured option – no matter how beneficial it may seem – the leap of faith demanded from fans is monumental. The PR drive will have to be ferocious.


It’s a bit like being told to open the door to an honoured guest after initially being urged to hide behind the couch if the bogeyman came knocking.


Whatever way you dress it up, signing an exclusivity agreement with a rival was hardly a ringing endorsement of the man who may now be entrusted with safeguarding the future of Liverpool Football Club.