Dubai International to make bid for Liverpool FC

[Dhav]

I may get shot down here, but i am sure there was/is an English law regarding staffing situations during and after take-overs. I think it comes under the title "Transfer of undertaking", and basically states that new owners HAVE to give the inherited staff 6 months continued employment before they can legally get rid. I was subjected to it several years ago and remember being given a government booklet on my rights by the outgoing directors.

I think there are certain circumstances, depending on the nature of the takeover, where the employees have a legal right to be retained, can't remember the specific circumstances. In reality/practicality I think it just means they have an entitlement to be compensated if they aren't retained. In our case I'm sure the new owners would come to an amicable agreement with anyone they wanted to lay off.

[Iceman]

Originally Posted by Diego View Post
you know this how?

DIC exist for one purpose and that is to make money. now that oil money is going away and some say already gone, they need to create money to uphold it's society. thats what DIC is all about. and with the west not investing as much as they had hoped for in dubai the pressure is even more on dic to make profits on what they are doing..

DIC exist to promote Dubai............. if they make a profit that's a bonus and with their portfolio they are certain to make massive profits year in year out

The GNP of Dubai is only 5% oil revenue..........Sheik Mo is one of the most forward thinking rulers in the middle east............... It's all about promoting Dubai.......... not essentially about wanting a return on the investment

Sheik Mo is the 6th Richest person on the planet

[Dhav]

The Transfer of Undertakings (Protection of Employment) Regulations...

TUPE

TUPE, that's it

Give Parry his pay off and get rid

[ELNINO 9]

They're fecking swimming in cash, they're not ones for half measures.

If they buy us, they'll take us to the top.

and keep us there

[rushscored4]

Since the DIC takeover, Travelodge have become far more ruthless commercially and are now refusing to pay agents commission unless they place £10,000 a year or more business.

[Fowler_God]

I have to say ****ing respect to Rafa. Like people have said, he has been fighting for our club for us. He has called these 2 yanks bluff and risked his own neck in the process.
This isnt just a case of a series of coincidental incidents, Rafa has played a blinder. He seen during the summer what was coming off with these 2 buffons and has hatched a plan that would attempt to show us for what they are.

Rafa you are already a legend in my book before all this happened, but if you mange to pull it off i will officially become your bitch, slave and babysitter for feck all

RAFA

[robbielad9]

Tupe?

Yes thats the one. looks like it was revised in 2006, but essentially the same terms as the old one (maybe even more protection for the employee than before actually). There again IF they wanted Rafa out, i'm pretty sure a loophole would be found. Cant see it myself though. Me and my good lady have visited Dubai on many occasions, and they,(the Maktoum family) are highly regarded by everyone, whether they be tourists, foreign workers or nationals. The word "honourable" was used frequently when speaking of the current ruler, and nobody at all seems to have a bad word to say about him. In contrast nobody seems to have a GOOD word to say about the pair of cunts in charge of the club at the moment, so i'm hoping for better things if this does go through.

[Graybach]

Wow, finally made it to the end of the ****in thread

One thing though, the fact that BBC are covering it now has not made me think there's more to it.....

......on the other hand if AFII stopped ****in around and teasing us and told us what's REALLY going on then I'd be happier!

[Craig_H]

“Liverpool is the most successful football club in English football history. It exists to win things for its supporters. It deserves to be in the hands of people who support it, who understand its history and legend and who share the enthusiasm and passion of its fans. As businessmen, we move on. As fans, we hope that the new owners would share the same vision as we had for LFC and, of course, in realising the new stadium that is so badly needed to ensure the club can continue to compete at the highest level in the Premiership and Europe. I am sure I will be back at Anfield with my family soon to support my team, as I have done so in the last 30-plus years. In the meantime, I wish the manager, the players and everyone connected with the club the best of fortune for the challenges ahead and will make sure that I am there the day they lift the Premiership trophy.”

Sounds a better prospect to me.

[marcus50bucks]

Gillett and Hicks unwilling to meet DIC's demands. :whatever:

DIC waiting on new Liverpool bid
By Phil McNulty
Chief football writer



Dubai International Capital - the investment arm of the Dubai Government - is ready to table a new £500m bid to buy Liverpool Football Club.

BBC Sport understands DIC has drawn up plans to take control from American duo George Gillett and Tom Hicks.

But the deal is subject to conditions which Gillett and Hicks are currently unwilling to meet.

DIC was originally thought to be ready to make an offer for Hicks' 50% share, but now favours a total buy-out.


Feature: Liverpool problems mount

606: DEBATE
If DIC can't pull it off, I think we're doomed

Red Sam 2008

DIC was close to buying the club in January 2007, but pulled out when Liverpool refused to agree to a deadline on the deal and moved into advanced negotiations with Hicks and Gillett.

The interest has now been seriously revived, but DIC is insistent it will not pay over the odds to buy the club, and until Gillett and Hicks agree to certain terms contained within the deal, an impasse has been reached.

Gillett and Hicks' reign has caused turmoil on and off the pitch at Liverpool, and DIC has always maintained a close eye on Liverpool's situation, despite the collapse 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 £218.9m 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 hopes the offer would 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.

He has also come under fire for his admission that talks had been held with Jurgen Klinsmann about possibly succeeding the Spaniard.

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.

They will also have to fund the £300m stadium plan, with a decision expected soon after two new designs were studied by Gillett and Hicks, along with chief executive Rick Parry, in New York earlier this month.

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.

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/7197675.stm

[desertscouser]

“Liverpool is the most successful football club in English football history. It exists to win things for its supporters. It deserves to be in the hands of people who support it, who understand its history and legend and who share the enthusiasm and passion of its fans. As businessmen, we move on. As fans, we hope that the new owners would share the same vision as we had for LFC and, of course, in realising the new stadium that is so badly needed to ensure the club can continue to compete at the highest level in the Premiership and Europe. I am sure I will be back at Anfield with my family soon to support my team, as I have done so in the last 30-plus years. In the meantime, I wish the manager, the players and everyone connected with the club the best of fortune for the challenges ahead and will make sure that I am there the day they lift the Premiership trophy.”

Sounds a better prospect to me.

[Craig_H]

Gillett and Hicks unwilling to meet DIC's demands. :whatever:

That's still promising though. To me, it says that Gillett and Hicks ARE open to a sale, but there's just certain conditions that still need agreeing.

[marcus50bucks]

Gillett and Hicks unwilling to meet DIC'S demands.

Investors line up Liverpool bid
By Phil McNulty
Chief football writer



Dubai International Capital - the investment arm of the Dubai Government - is ready to table a new £500m bid to buy Liverpool Football Club.

BBC Sport understands DIC has drawn up plans to take control from American duo George Gillett and Tom Hicks.

But the deal is subject to conditions which Gillett and Hicks are currently unwilling to meet.

DIC was originally thought to be ready to make an offer for Hicks' 50% share, but now favours a total buy-out.


Feature: Liverpool problems mount

606: DEBATE
If DIC can't pull it off, I think we're doomed

Red Sam 2008

DIC was close to buying the club in January 2007, but pulled out when Liverpool refused to agree to a deadline on the deal and moved into advanced negotiations with Hicks and Gillett.

The interest has now been seriously revived, but DIC is insistent it will not pay over the odds to buy the club, and until Gillett and Hicks agree to certain terms contained within the deal, an impasse has been reached.

Gillett and Hicks' reign has caused turmoil on and off the pitch at Liverpool, and DIC has always maintained a close eye on Liverpool's situation, despite the collapse 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 £218.9m 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 hopes the offer would 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.

He has also come under fire for his admission that talks had been held with Jurgen Klinsmann about possibly succeeding the Spaniard.

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.

They will also have to fund the £300m stadium plan, with a decision expected soon after two new designs were studied by Gillett and Hicks, along with chief executive Rick Parry, in New York earlier this month.

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.

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/7197675.stm

[marcus50bucks]

That's still promising though. To me, it says that Gillett and Hicks ARE open to a sale, but there's just certain conditions that still need agreeing.

Silly me just read it again and yes, you're right.

[desertscouser]

That's still promising though. To me, it says that Gillett and Hicks ARE open to a sale, but there's just certain conditions that still need agreeing.

That's how I read it. These Yank pieces of sh!te really need to do one. I wish someone would have a quiet word in their ear and make them an offer they can't refuse....godfather style.