Dubai International to make bid for Liverpool FC

[CAD]

I see on some other sites that the G&H loan seems to have been approved (no definite confirmation yet though) and the BBC are reporting DIC are to make a £550m bid to buy the club as a whole:

http://news.bbc.co.uk/sport1/hi/foot...ol/7197675.stm

ON ****ING BBC!!!

[robbielad9]

Muy bien El Matador !

[Sarb]

Dubai International Capital - the investment arm of the Dubai Government - is to launch a £500m bid to buy Liverpool Football Club.
BBC Sport understands the offer is in the process of being made to American co-owners George Gillett and Tom Hicks.

DIC was originally thought to be ready to make an offer for Hicks' 50% share, despite his insistence that he is unwilling to discuss a sale.

But DIC is now poised to make an offer for the complete buy-out of the pair.

DIC were close to buying the club in January, but pulled out when Liverpool moved into advanced negotiations with Hicks and Gillett.

But Gillett and Hicks' reign has caused turmoil on and off the pitch at Liverpool, and DIC have always maintained their interest despite the collape of the previous deal.

Gillett and Hicks are currently attempting to finalise terms on a £350m loan that would enable them to repay money borrowed for their £219m takeover, repay loans used to sign players, and enable them to start work on a re-scaled plan for a new stadium in Stanley Park.

DIC's offer will be made swiftly to present the American duo with a get-out clause before they take out the massive loan.

Hicks, in particular, is under pressure after being subjected to heavy criticism from fans following public disagreements with popular manager Rafael Benitez, and his public admission that talks had been held with Jurgen Klinsmann about possibly succeeding the Spaniard.

And Liverpool fans will turn up the heat on Gillett and Hicks with an orchestrated protest at Monday night's game against Aston Villa.

Website Reclaim The Kop issued a statement claiming they were "not fit to be associated with our club" and banners criticising the Americans and calling on DIC to launch a bid were held aloft on The Kop during the FA Cup win against Luton.

Liverpool supporters are also concerned at how much of the £350m loan will be shifted on to the club's books - with crippling interest payments.

A spokeman for the Americans said on Thursday: "Any suggestion Hicks and Gillett are contemplating a sale of the club or any portion of it is categorically untrue."

DIC backed away from a £150m price tag for a 15% stake in Liverpool last October, but the financial uncertainty surrounding the club has increased and there is hope a new offer will prove more tempting.

****in Get In. BBC ran a story during the week that they wouldn't sell, so this is good news

Please God let this happen

[Sarb]

Cant stress how important it is that there is a massive protest against the Americans on Monday...Nevermind the Rafa chants for one game, we've got to get the message to the Americans that we don't want them

[Chris]

ON ****ING BBC!!!

Calm down mate, it doesnt say they're selling.

[Shaggy]

****ing get in. I honestly believe this is gonna go our way.

[jayjay]

Can our friend with a connection in the BBC confirm anything?

I am getting more hopeful, the BBC don't really deal in rumors.

[Jayesh87]

500 mil.... How much profit each would they make, IF they accepted?

[poorscousertommy]

Let us hope and pray this is true.

[el matador]

Hopefully atleast one of these numpties will sell

better that both go.

In terms of the amount of profit these two would have made in just under one year. I might be wrong but as far as I am aware they would both make a handsome profit if the mooted figure of £500m is correct.

Can someone else confirm how much they actually owe on the club - i thought it was the initial £220m plus interest over the last year which might be another £10m or so meaning £230 in total. There might be some additional credit notes for the purchases of torres, babel etc...

[StevieJ]

What site's reported that their refinancing deal had been approved?

RAWK

[CAD]

Calm down mate, it doesnt say they're selling.

True, but for the first time I truly believe that DIC really has a genuine interested

[jrd7]

Looks like it's really happening. BBC wouldn't be coming out with specualtion. 500 million pounds is a far bigger bid than I expected.

let's not carried away just yet. Potentially great news but you can almost guarantee another contradictory piece in the media at some point over the weekend.

BBC said they wouldn't sell earlier in the week so a bid may not make them change their mands anyway.

Just another twist.....................................

Maybe the 500 mill is in the same way that G&H bought us for 450, with stadium included and 50-100 profit for pissing everyone off. Where do I sign?

[Sarb]

****ing get in. I honestly believe this is gonna go our way.

Just a gut feeling or something else?

Arabs surely wouldn't make a bid if they didn't feel there was a chance of getting it would they? Parry and Moores need to make up for the wrong decision now

[AFII]

500 mil.... How much profit each would they make, IF they accepted?

£75m.