Dubai International to make bid for Liverpool FC

[Lecter]

The scenario where G&H has to sell because they can't finance a new loan doesn't exist. Never did. It's utter bollocks.

And why is it DIC will throw 350mill after LFC now and didn't want to do so last year? Makes no sense. Don't tell me the didn't get the chance last time around. They walked away pissed off. These smart Arabs refuse to meet 270mill& in feb 2007 and G&H wins LFC. Less than a year after they come back and pay about 80mill£ more for the same product?

Plausible - in Lala land yes. Realistic - hardly.

So if they dont get the loan then everything hunkydory then - flmao

If they dont get the loan they will be in default of their initial bridging loan and could theoretically have the club passed into RBS's hands

Depends on how much upside they see in the investment

Pointless paying £80 million extra if the upside is only £80 million

Might well be worth paying £350 million for the shares and £300 million plus for the stadium if the club could eventually be worth circa £1 billion

[CAD]

So if they dont get the loan then everything hunkydory then - flmao Don't understand this. Of course they will get the loan. That doesn't mean that everything will be in perfect order afterwards. They will still probably be looking for an exit. I'm just saying that it will not be the pressure of the loan that forces them to sell.

If they dont get the loan they will be in default of their initial bridging loan and could theoretically have the club passed into RBS's hands. Amatuer night in America. You seriously believe that is a plausible scenario?! To lose the club to ROYALBS and be the laughing stock in America and England? Come on, Lec.

Depends on how much upside they see in the investment. Pointless paying £80 million extra if the upside is only £80 million. Might well be worth paying £350 million for the shares and £300 million plus for the stadium if the club could eventually be worth circa £1 billion. They didn't see that upside in feb 2007?? They must be a bit slow on the uptake then?

That's how I see it

[AFII]

Liverpool FC deal soon, amount may change -source
Thu Jan 17, 2008 3:04pm GMT Email | Print | Share| Single Page | Recommend (0) [-] Text [+] By Elena Moya

LONDON, Jan 17 (Reuters) - The keenly awaited refinancing of British soccer club Liverpool FC is set to be closed before the end of February, a source familiar with the deal said on Thursday.

The 300 million pound ($589 million) debt refinancing, expected to be completed by the end of November, has been delayed amid turmoil in the credit markets.

Banks, facing multi-billion pound losses linked to the U.S. sub-prime crisis, have tightened up lending, or are charging more to assume risk.

The deal will go ahead, although it may not include an additional amount, of about 40 million pounds, earmarked for the start of building a new stadium, the source said.

Liverpool's debt facility with Royal Bank of Scotland, taken out by U.S. billionaires Tom Hicks and George Gillett to acquire the club, expires in February.

Wachovia Corp, the fourth-largest U.S. bank, is arranging the refinancing. (Editing by Quentin Bryar)

So, why has that now changed?

[desertscouser]

'Eatsleepsport'

Sources suggest Dubai International Capital group no longer want to takeover Liverpool, despite their initial interest in the Reds.

There has been mounting speculation that the Arab consortium could bring an end to the short and controversial ownership of George Gillette and Tom Hicks, having originally expressed an interest before the Americans took charge, but that now seems unlikely to happen.

With some of the board reportedly unhappy with how things have been progressing under Gillette and Hicks, there have been claims of possible further outside investment.

But sources say any deal for Liverpool Football Club is not included in the future plans of DIC and the head of the consortium, Sheikh Mohammed Al Maktoum, who are to concentrate on a property portfolio and not football.

While there are Liverpool fans among DIC, the hierarchy does not share that passion and reports of a resurrected interest are wide of the mark, according to our source. The news will come as a blow to many fans who are unhappy with the owners' handling of Rafa Benitez whose position has been undermined this week, following revelations that the US duo met Jurgen Klinsmann to discuss becoming manager.

The current owners are looking to clinch a £350million refinancing deal, in order to fund the building of the long-awaited new stadium and if the US duo do secure that deal in the near future, then they are likely to remain in charge of the club.

[Chris]

'Eatsleepsport'

Got to love **** sites like that chancing their arm with articles like this.

The Liverpool Echo and confirmed fact that negotiations took place over a small stake or eatsleepwhatever. Hmm, tough choice.

[CAD]

Like I said...

[Shaggy]

'Eatsleepsport'

Sources suggest Dubai International Capital group no longer want to takeover Liverpool, despite their initial interest in the Reds.

There has been mounting speculation that the Arab consortium could bring an end to the short and controversial ownership of George Gillette and Tom Hicks, having originally expressed an interest before the Americans took charge, but that now seems unlikely to happen.

With some of the board reportedly unhappy with how things have been progressing under Gillette and Hicks, there have been claims of possible further outside investment.

But sources say any deal for Liverpool Football Club is not included in the future plans of DIC and the head of the consortium, Sheikh Mohammed Al Maktoum, who are to concentrate on a property portfolio and not football.

While there are Liverpool fans among DIC, the hierarchy does not share that passion and reports of a resurrected interest are wide of the mark, according to our source. The news will come as a blow to many fans who are unhappy with the owners' handling of Rafa Benitez whose position has been undermined this week, following revelations that the US duo met Jurgen Klinsmann to discuss becoming manager.

The current owners are looking to clinch a £350million refinancing deal, in order to fund the building of the long-awaited new stadium and if the US duo do secure that deal in the near future, then they are likely to remain in charge of the club.

This is getting ****ing ridiculous!

Well I’m steadfastly refusing to listen to this negative ****. EastSleepFootball is a **** site anyway, clearly a million miles less reputable than the Echo.

[Tee]

Like I said...

No white text....

[Jazzmaster]

'Eatsleepsport'

Sources suggest Dubai International Capital group no longer want to takeover Liverpool, despite their initial interest in the Reds.

There has been mounting speculation that the Arab consortium could bring an end to the short and controversial ownership of George Gillette and Tom Hicks, having originally expressed an interest before the Americans took charge, but that now seems unlikely to happen.

With some of the board reportedly unhappy with how things have been progressing under Gillette and Hicks, there have been claims of possible further outside investment.

But sources say any deal for Liverpool Football Club is not included in the future plans of DIC and the head of the consortium, Sheikh Mohammed Al Maktoum, who are to concentrate on a property portfolio and not football.

While there are Liverpool fans among DIC, the hierarchy does not share that passion and reports of a resurrected interest are wide of the mark, according to our source. The news will come as a blow to many fans who are unhappy with the owners' handling of Rafa Benitez whose position has been undermined this week, following revelations that the US duo met Jurgen Klinsmann to discuss becoming manager.

The current owners are looking to clinch a £350million refinancing deal, in order to fund the building of the long-awaited new stadium and if the US duo do secure that deal in the near future, then they are likely to remain in charge of the club.

Jesus each report contradicts the next... Only time will tell....

[Neil Young]

I fear we are saddled with Hicks and Gillett. I wouldn't be that surprised if Gillett ends up selling up to Hicks.

That's a guess,
No one can ever say it's true,
But I know that I will always be
with you.

Thank you.

[Lecter]

That's how I see it

They took their ball and buggered off because they were gazumped

Fit of pique

Theres lots of politics going on, if you had asked me a week ago I'd have stated DIC wouldnt pay a premium or give GG&TH a profit, wouldnt even match the price of the actual takeover, probably wouldnt match their original bid

However I'm told by someone I know who works in the Echo and someone else who use to have financial links to the previous regime that they are definitely interested and the figures being quoted arent far off the mark

[DeeGame]

I fear we are saddled with Hicks and Gillett. I wouldn't be that surprised if Gillett ends up selling up to Hicks.

That's a guess,
No one can ever say it's true,
But I know that I will always be
with you.

Thank you.

theres always time for a good song

[desertscouser]

Got to love **** sites like that chancing their arm with articles like this.

The Liverpool Echo and confirmed fact that negotiations took place over a small stake or eatsleepwhatever. Hmm, tough choice.

[CAD]

They took their ball and buggered off because they were gazumped

Fit of pique

Theres lots of politics going on, if you had asked me a week ago I'd have stated DIC wouldnt pay a premium or give GG&TH a profit, wouldnt even match the price of the actual takeover, probably wouldnt match their original bid

However I'm told by someone I know who works in the Echo and someone else who use to have financial links to the previous regime that they are definitely interested and the figures being quoted arent far off the mark

We all hope you're right. I just find it highly unlikely.

[le2red]

Radio Merseyside now reporting that H&G are categorically denying that they are planning/interested in selling all or part of LFC to DIC or any other other party.

The lady doth protest too much?