Tom Hicks: Quit talking and coach the players

[Cormack74]

I don’t think there was any substance to this claim. IMO - the issue was money for the shareholders.

Not heard that one before and can't be arsed to look back.

The exit strategy was the only reason I ever saw given for Moores change of mind.

[Cormack74]

I don’t think there was any substance to this claim. IMO - the issue was money for the shareholders.

Here you go mate:

http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2006/12/27/sfnliv27.xml

[redwien]

Here you go mate:


http://www.telegraph.co.uk/sport/mai...7/sfnliv27.xml

I take your word for it as the job is blocking the content

[Cormack74]

I take your word for it as the job is blocking the content

Try this:-



Liverpool, who are being bought by an investment company effectively owned by the Dubai government, could be sold again in seven years' time, according to a confidential document seen by The Daily Telegraph.


Seven year glitch: Liverpool fans are expecting new investors to spend their money on players
The document also reveals that Dubai International Capital are planning to borrow up to £300 million to finance their £450m purchase of the club.

DIC see their investment in Liverpool as purely a business deal built round the new stadium Liverpool are planning at Stanley Park. When they sell in seven years' time they are hoping to make a huge profit, providing a return of around 25 per cent on their investment for every year of ownership. There appear to be no plans to invest in new players.

Furthermore, DIC will not be the sole owners of Liverpool, unlike Roman Abramovich at Chelsea, the Glazers at Manchester United and Randy Lerner at Aston Villa. Although their deal to buy Liverpool is not yet signed and sealed, they are already looking for other investors to join them in a partnership. I understand that 30 per cent of the 90 per cent stake DIC are bidding for is being offered to City investors.

The seven-page document, which outlines the investment rationale, has been circulated to major City investors to attract them to join the consortium.

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DIC have said little about why they want to buy Liverpool, but with the company ultimately owned by the fabulously wealthy Al Maktoum family, who are the ruling family of Dubai, the purchase has been seen as Liverpool's equivalent of Abramovich arriving at Chelsea, the investor with deep pockets that all football clubs crave.

Indeed, that is the reason David Moores, the chairman of Liverpool, gave for choosing DIC over George Gillett, the American who owns the Montreal Canadiens ice hockey team and is very keen to buy Liverpool.

However, anyone reading the document can have no doubt that this is purely an investment decision. And with DIC seeking partners, there is also no knowing who else will be in the Liverpool boardroom.

The great investment opportunities that Liverpool provide, as DIC see it, are set out in a section entitled "The Opportunity". The document says: "Opportunities exist to boost returns by unlocking 'hidden' value. We believe there is potential for multiple arbitrage if real estate/leisure is developed on the current Anfield site. Such an investment would allow the Middle East region to leverage on a strong brand with an equally strong international fan base."

The document tells potential investors that over the next five years a return starting at 19.3 per cent could rise to 29 per cent in year five.

One of the most revealing insights is when the document talks of how the financing will be done. A whole page is devoted to it and shows that three banks – Bank of Ireland, RBS and Bank of America – have been approached, with Bank of America the favourite.

It is clear that the new stadium is at the heart of this deal. The budget for the stadium is £240m; Liverpool want a fixed-price contract like Wembley and want penalties of £950,000 per week if the contractor is late.

The DIC document notes that the stadium, which will seat 61,000, will cost less per seat than Arsenal's Emirates Stadium. The document also provides a wonderful insight into DIC's thinking but is very different from the fans' expectations about this purchase – and would have been very different from the purchase of the club by Gillett.

[Pacman]

I take your word for it as the job is blocking the content

Liverpool, who are being bought by an investment company effectively owned by the Dubai government, could be sold again in seven years' time, according to a confidential document seen by The Daily Telegraph.


Seven year glitch: Liverpool fans are expecting new investors to spend their money on players
The document also reveals that Dubai International Capital are planning to borrow up to £300 million to finance their £450m purchase of the club.

DIC see their investment in Liverpool as purely a business deal built round the new stadium Liverpool are planning at Stanley Park. When they sell in seven years' time they are hoping to make a huge profit, providing a return of around 25 per cent on their investment for every year of ownership. There appear to be no plans to invest in new players.

Furthermore, DIC will not be the sole owners of Liverpool, unlike Roman Abramovich at Chelsea, the Glazers at Manchester United and Randy Lerner at Aston Villa. Although their deal to buy Liverpool is not yet signed and sealed, they are already looking for other investors to join them in a partnership. I understand that 30 per cent of the 90 per cent stake DIC are bidding for is being offered to City investors.

The seven-page document, which outlines the investment rationale, has been circulated to major City investors to attract them to join the consortium.

advertisement
DIC have said little about why they want to buy Liverpool, but with the company ultimately owned by the fabulously wealthy Al Maktoum family, who are the ruling family of Dubai, the purchase has been seen as Liverpool's equivalent of Abramovich arriving at Chelsea, the investor with deep pockets that all football clubs crave.

Indeed, that is the reason David Moores, the chairman of Liverpool, gave for choosing DIC over George Gillett, the American who owns the Montreal Canadiens ice hockey team and is very keen to buy Liverpool.

However, anyone reading the document can have no doubt that this is purely an investment decision. And with DIC seeking partners, there is also no knowing who else will be in the Liverpool boardroom.

The great investment opportunities that Liverpool provide, as DIC see it, are set out in a section entitled "The Opportunity". The document says: "Opportunities exist to boost returns by unlocking 'hidden' value. We believe there is potential for multiple arbitrage if real estate/leisure is developed on the current Anfield site. Such an investment would allow the Middle East region to leverage on a strong brand with an equally strong international fan base."

The document tells potential investors that over the next five years a return starting at 19.3 per cent could rise to 29 per cent in year five.

One of the most revealing insights is when the document talks of how the financing will be done. A whole page is devoted to it and shows that three banks – Bank of Ireland, RBS and Bank of America – have been approached, with Bank of America the favourite.

It is clear that the new stadium is at the heart of this deal. The budget for the stadium is £240m; Liverpool want a fixed-price contract like Wembley and want penalties of £950,000 per week if the contractor is late.

The DIC document notes that the stadium, which will seat 61,000, will cost less per seat than Arsenal's Emirates Stadium. The document also provides a wonderful insight into DIC's thinking but is very different from the fans' expectations about this purchase – and would have been very different from the purchase of the club by Gillett.

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Comments
What a load of rubbish, our great club would not allow this to happen, i think the chelsea, everton and utd fans are just having a go because liverpool are always up there in the top 4 with hardly no money and now we have the money you are all crapping yourselves... LFC Premier league champions 2007-2008 and many more.
Posted by Paul on January 2, 2007 5:44 PM
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Conspiracy theories abound? why would a cash rich businessman sell a £450 Million investment down the river after 7 years?
In his article which is based upon a confidential document seen by Mr Bose it is an article which no base in fact.
DIC are a very rich investor they want to make a profit, it isn't a charity is it? not with the players on average wages of £60,000 a week plus.
I feel that when you question the motives of DIC then also question the motives of The Glazer's and also that of Mr Gadayek and Mr Chelski himself.
The ink has not even dried and we are already drawing up conspiracy theories all I can say is perhaps Mr Bose should take up writing works of fiction he has a very good imagination.
Posted by Dil Singh on December 28, 2006 2:13 PM
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DIC press release post telegraph junk mail. "DIC insist they have a long-term strategy in place for the club including significant funds for new players.

The company have responded to reports in Wednesday's Daily Telegraph that they plan to sell the club in 2014 having first made a huge profit from what the newspaper described as "purely a business deal".

But on Wednesday night A DIC source sought to assure Liverpool fans that were the takeover to be concluded there would be "the best possible" financial support for boss Rafael Benitez.

They said: "What DIC is doing is planning to make sure that, if a deal is done, Liverpool has the best possible funding in place going forward under DIC stewardship.

Posted by Mohamed on December 28, 2006 1:22 AM
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I take it by now Mr. Bose has read DIC's response to his supposed exclusive inciteful article.

They've responded with comments totally opposite to his doom laden article. Saying that they'd be in it for the long term, and that funds will be available for on and off the field investment.

Your scaremongering hasn't worked Mr. Bose. That article was purely to try and wind Liverpool supporters up. Maybe you were trying to capitalise writing about the Liverpool takeover like you did the United one. But then again, who would want to read about a takeover that ran smoothly? Get the natives worked up. Then you can add a bit of substance to your book.
Posted by Tracy D on December 27, 2006 10:18 PM
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As usual vague claptrap, no detail. The critcism that DIC might want a return on their investment is not exactlty rocket science; and if they want to fund it by debt, so what. It is their debt. Develop the Anfield site...good. Arsenal are developing the Highbury site. And Liverpool fans were much rather we were run as a club should be run as a business (success on and off the pitch driving us forward) than have a sugardaddy like Roman bankrolling us.

Bose is epitome of poor journalism. HAve read him a lot and he clearly dislikes Liverpool and Arsenal. Not a Man U fan by any chance, Mr Bose?
Posted by Faraz Kidwai on December 27, 2006 10:08 PM
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This story has since been denied.

What a surprise.

Dubai investors deny exit strategy

Dubai International Capital, the investment company behind the proposed takeover of Liverpool, insist they have a long-term strategy in place for the club including significant funds for new players.

The company have responded to reports in Wednesday's Daily Telegraph that they plan to sell the club in 2014 having first made a huge profit from what the newspaper described as "purely a business deal".

A DIC source sought to assure Liverpool fans that were the takeover to be concluded there would be "the best possible" financial support for boss Rafael Benitez. They said: "What DIC is doing is planning to make sure that, if a deal is done, Liverpool has the best possible funding in place going forward under DIC stewardship."

"This is particularly important as we would need to get on with the stadium early in 2007 and it takes time to sort out the necessary financing," the source added.

"This is also important in terms of making sure cash is available for the ongoing strengthening of the playing squad.

"Should DIC acquire the club, Liverpool will be well run, both on and off the pitch, and we are currently laying the groundwork to ensure that will be the case."


But DIC officials have pointed out they are yet to successfully conclude their takeover of the club and that, as a result, talk of plans to sell it off for profit are premature.


The source said: "DIC has not yet formally made an offer, never mind completed a deal. Certainly there are no plans to exit an acquisition we have not even bought yet.


"It (DIC) is a very serious investor with considerable resources at its disposal and the ability to take a long-term view.


"Equally, we believe that we understand the responsibilities that come with owning Liverpool Football Club. DIC has made it clear that, should a deal be concluded, it would not interfere in the day-to-day running of the club."

[redwien]

Try this:-

Cheers Lads - I do remember this article, but I still don't think this was the reason that Parry went for G&H. Remember he was about to put pen to paper when G&H arrived at the 11th hour, so he obviously did think Dubai was a safe bet.

Also can I just state that I have no problem with G&H. So far they've done what they said they'd do, they've invest in quaility players (or at least Torres) and proceeding with a killer new stadium. I just would have prepared to have the type of money that the Arabs would have brought to the table- as I'm greedy like that.

[Tom]

Very worried indeed about this. If it comes down to taking sides, I'm with Rafa all the way.

[Jayesh87]

Tom Hicks: Quit talking and coach the players

Tom Hicks: Quit talking and coach the players

Nov 23 2007 EXCLUSIVE by Tony Barrett, Liverpool Echo

LIVERPOOL co-owner Tom Hicks today ordered Rafa Benitez to "quit talking about new players and coach the players we have".

In an angry rebuke to the Reds boss who launched a cryptic attack on the club owners yesterday, Hicks made it clear the club will not even consider any demands from Benitez until mid-December at the earliest.

At yesterday’s weekly Melwood press conference, Benitez admitted he was frustrated with life at Anfield and continually told reporters that he wished only to concentrate on coaching and training his team.

His repeated comments have been taken as a thinly veiled attack on Hicks and George Gillett – who recently told Benitez to forget about transfers for the time being and to focus only on the players he already has at his disposal.

In an exclusive interview with the ECHO today, Dallas-based Hicks responded to Benitez’s comments by defending the level of financial support he has afforded the manager and insisting the time has come for the Spaniard to do his talking on the pitch.

He said: “After the Champions League final in Athens, Rafa made certain demands of us and we responded to those demands in the summer.

“We brought in some good players and spent more money than has ever been spent before at this club.

“We now have some crucial games coming up in the Premier League and the Champions League and we want to see if we can win these games with the players we have.

“This was the message we gave to Rafa recently and I think during the international break he must have grown a bit frustrated about this.

“We told him to concentrate on the games coming up and nothing else and I guess he didn’t like that.

“But, for the time being, we just need to be focused on what happens on the pitch.

“George and I will be over in mid-December and that is the time to talk about other issues. It is really time for Rafa to quit talking about new players and to coach the players we have.”

Sources close to the Americans admit they are concerned with the present climate but hope to see harmony in relations restored quickly.

http://www.liverpoolecho.co.uk/liver...0252-20150506/

[Tee]

See Nicey.

Hope they sort this out. Quickly.

[sonsofthedesert]

That statement by Hicks isn't going to calm the situation, I can see it making it worse.

[Shaggy]

No doubt Nicey thinks someone put a gun to Hicks’ head and made him say this.

[Pacman]

FFS what's the point in this interview.

If they want Rafa to shut up and coach the players we have then they should shut up and get on running our ****ing club.

[red g]

its all part of there masterplan

[Diego]

Very worried indeed about this. If it comes down to taking sides, I'm with Rafa all the way.

fo sho! no doubt

i'm with rafa all the way, i hope we aren't getting to carried away with all of this. the owners have promised to deliver a number of times, and if they wont cough up the dough, it won't only be rafa that they'll piss off...

there where similar stuff going on in the summer, but yet somehow it all got played out, apart from pako resigning. i hope that we will see the cash money in january and buy a few players, of course we can add to our war chest by offloading some dead wood...

if this is as serious as it sounds and they have been going at it for months, then i can't see them getting over it with out some counseling. strange times. i have faith that we will kick ass in january and every one will forget all this stuff, untill nest summer...

[Tee]

Never liked the fact the new owners seem to be in the press all the time - this kind of **** needs to be sorted out behind closed doors and it should never ever have been allowed to become as public as it has.