DIC have pulled out (continued)

[nobbylad]

After 3 years and £200m, the new Nobby KOP is revealed

You can crack on to B&Q with your bill of materials spreadsheet.

We'll need some sky hooks, left handed screwdrivers and a long stand.

(Btw - your link is fooked)

[Jayesh87]

You must be mad, says DIC

Feb 2 2007

by Chris Bascombe, Liverpool Echo

DUBAI International Capital today launched a scathing attack on Liverpool's conduct, saying chairman David Moores had made a bewildering and shocking decision.

The fallout of the collapse of the deal intensified, with Dubai sources contacting the ECHO to put their side of the story in the days leading up to their withdrawal.

Anfield chief executive Rick Parry explained how Liverpool felt it was their duty to consider a rival offer from George Gillett jnr, and ultimately felt bullied into making a swift decision.

But a DIC spokesman has retaliated by suggesting chairman David Moores panicked at the 11th hour with a deal about to be sealed.

The spokesman said: "If the fans want to know what's happened, David Moores suffered what I can only describe as a mental aberration, just when the agreement was about to be reached.

"The fans are bemused, and we at DIC are just as bemused by the past few days.

"Liverpool Football Club has been looking for years and years for an investor, going through numerous suitors. They came to the conclusion DIC were the best people. We've been working closely with advisors for the last six to eight weeks, and spent a lot of time preparing a deal.

"We are genuine supporters who not only wanted to invest in the club, but to do so by keeping Mr Moores and Rick Parry in place. The announcement was going to be made this Monday.

"Then, 10 days ago, we heard from the press George Gillett had made another bid. No-one from Liverpool told us this, and when we asked what was happening they said they didn't know why a bid was made other than to muddy the waters.

"Then we read a formal statement from Liverpool announcing Gillett's bid last Friday. Again, DIC were informed by a journalist.

"This lack of communication made our guys tense.

"On Tuesday, we expected the board meeting to accept our proposals. Instead, we found out the board was discussing George Gillett's offer, once again through the press.

"Even on Tuesday night we could get no answers from Mr Moores and Mr Parry, even though we had a representative at the West Ham match.

"The people back in Dubai thought they weren't being told what's going on.

“There was no ultimatum given, but we did make it clear we needed to know quickly if the press conference was going ahead on Monday because DIC officials needed to know if they should book their flights.

"Once word got back to Dubai on Tuesday there were no answers from Liverpool, the word from on high was this is bad for our reputation and it all stops right now.

"We can't understand what had changed since December 4 when after a long search, Liverpool announced we were the best people."

DIC also raised questions about the merits of Gillett's proposals.

"We believe there will be more debt at a higher rate of interest. We can't understand why Liv-erpool would take such a risk."

http://icliverpool.icnetwork.co.uk/0...name_page.html

I dunno who to beleive

[disco]

It's probably all true - I guess we need to wait and see how good this Gillet offer is, if it's apparently that good that we can **** off DIC.

[Red_Polo]

****ing hell

[kurtangle01]

That article doesn't really make for good reading does it? It seems that there are 2 sides to the story but only one is the truth IMHO. The question is who is telling the truth?

[disco]

Could well be true, albeit poor behaviour from Liverpool - presumably Gillet's offer was just that much more attractive.

[Jayesh87]

Could well be true, albeit poor behaviour from Liverpool - presumably Gillet's offer was just that much more attractive.

Question is if DIC didn't pull out would Moored have gone with DIC or the Americans....

I think we are stuck with second best again...

[Red Chilli]

That article doesn't really make for good reading does it? It seems that there are 2 sides to the story but only one is the truth IMHO. The question is who is telling the truth?

DIC are acting like whinging petulent kids whereas LFC are behaving with dignity.
It's time DIC moved on and stopped trying to piss the fans off.

[tomasjj]

DIC are acting like whinging petulent kids whereas LFC are behaving with dignity.
It's time DIC moved on and stopped trying to piss the fans off.

They won't win any more supporters continuing to acti like this, that is for sure.

[desertscouser]

Could well be true, albeit poor behaviour from Liverpool - presumably Gillet's offer was just that much more attractive.

If Gillete's offer was better for LFC then I would say fine. However, if we are accepting an offer because it's better for Moores and his board then

As Parry claims that Moores isn't in it for the money then it would be a nice gesture if he handed over the extra 8 million quid he gets from the Gilette bid to Rafa as a leaving present.

[AFII]

I think both sides are to blame for the collapse of the DIC deal.

We will probably never know the true story as usual. I don't believe everything Bascombe says because he will be on the LFC side and put his articles in a way that won't hurt LFC. DIC will also put their articles in a way that won't damage their reputation.

[Red_Polo]

It was posted on the previous page mate. Shall delete the dupe posts...

[kopdan]

They won't win any more supporters continuing to acti like this, that is for sure.

but they are big Liverpool fans

[Snigger]

If this is true then I can understand why DIC walked away as soon as Moores considered Gillett's bid.

You can't back out of an agreement.

It looks like we tried to do a Simao on them.

Bull**** - if no formal offer was made no bid was accepted then no contracts signed. If you were selling your house and not exchanged contracts would you honour the offer you accepted subject to contract if someone else came along and offered you a lot more?

The DIC reaction is strange, I know they are not used to losing but to pick up their skirts and run away whilst spitting dummies in the direction of the Mersey by way of national press is highly unprofessional and makes any back tracking all the harder should they attempt to come back in.

All this bollocks about honour is ****ing ludicrous and they know it - business is business and if someone puts together an all round more attractive bid than you, you will lose to them, and actually the honourable thing to do is shake hands with the winner, congratulate them and move on not bitch about being out manouvered whilst spouting forth drivel about betrayal and dishonour.

All DIC have done in the last 24 hours is convince me that they were not the right people for our club.

[AFII]

If you were selling your house and not exchanged contracts would you honour the offer you accepted subject to contract if someone else came along and offered you a lot more?


Yes, I would. I have not gone back on my word a single time in my life so far.

I can understand your point