Dear Guest
Thank you for visiting! est189 will soon be closing its doors (do forums have doors?) please visit the following thread - (to wail & cry perhaps?)
https://www.est1892.co.uk/forums/showthread.php?p=4002484#post4002484
Thanjk you.
Paul.S
2008-03-05 15:32:47 DIC close to deal with Gillett for 50 pct stake in Liverpool FC - sources
LONDON (Thomson Financial) - Dubai International Capital (DIC), the investment arm of the Dubai government, is close to agreeing terms with George Gillett for his 50 pct stake in Liverpool Football Club, Thomson Financial News has learnt.
mmmmm, probably nothing new but on a financial page not the usual gossip columns. Heres hoping eh.
There was something similar posted this morning from Thompson Financial, Don't know if yours is an update from the same company. Hope so. Cheers.
The Associated Press has reported that Hicks has made a formal offer to buy out Gillettt. He is trying to raise private equity money for this.
AAARRGGHH!
Hicks Makes Gillett Offer for Liverpool
Tuesday March 4, 2008.
By ROB HARRIS
The Associated Press
Tuesday, March 4, 2008; 3:23 PM
LIVERPOOL, England -- Liverpool co-owner Tom Hicks has made a bid to buy all or part of George Gillett Jr.'s share of the Premier League club, The Associated Press has learned.
Hicks is still negotiating with Gillett after the duo turned down an $800 million offer for the English club from Dubai International Capital, a person involved with the negotiations told the AP on Tuesday. He spoke on condition of anonymity because of the sensitivity of the situation.
It was unclear if Hicks is planning to buy all or only part of Gillett's 50 percent stake.
Hicks and Gillett have the power to block the other from selling.
The duo bought the club last year for $431 million _ beating a rival bid from the Dubai consortium.
Hicks owns the Texas Rangers and the Dallas Stars, while Gillett is owner of the Montreal Canadiens. Calls to Gillett seeking comment were not immediately returned.
On Tuesday, DIC gave the Americans 24 hours to accept its offer. Gillett has been in close contact with DIC in recent weeks.
The DIC bid was made a day after chief executive Sameer al-Ansari said Hicks and Gillett had "come out of dreamland" over the worth of the Premier League club.
Gillett and Hicks refinanced their Liverpool deal with a $682 million package from two banks on Jan. 25. But the package left the 18-time English champions with debt of $205 million.
Hicks revealed in January that he had spoken to DIC about a "10 to 15 percent participation," but that his valuation was deemed to be too high.
Since then, Hicks has said he is committed to retaining his share of Liverpool and he anticipates taking a "more active role" with the 18-time English champion.
Investment banker JP Morgan Chase & Co. will attempt to raise private equity through the Hicks Sports Group, which includes his U.S. sports franchises.
Fans had turned on the American owners after their public feud with popular manager Rafa Benitez over transfers, leading to demonstrations outside and inside Anfield.
Since talks were held in December, Benitez speaks warmly about Hicks, who sends the Spaniard motivational e-mails.
The Reds trail leader Arsenal by 15 points and are vying with fourth-place Everton for the final Champions League berth.
The Associated Press has reported that Hicks has made a formal offer to buy out Gillettt. He is trying to raise private equity money for this.
AAARRGGHH!
Hicks Makes Gillett Offer for Liverpool
Tuesday March 4, 2008.
By ROB HARRIS
The Associated Press
Tuesday, March 4, 2008; 3:23 PM
LIVERPOOL, England -- Liverpool co-owner Tom Hicks has made a bid to buy all or part of George Gillett Jr.'s share of the Premier League club, The Associated Press has learned.
Hicks is still negotiating with Gillett after the duo turned down an $800 million offer for the English club from Dubai International Capital, a person involved with the negotiations told the AP on Tuesday. He spoke on condition of anonymity because of the sensitivity of the situation.
It was unclear if Hicks is planning to buy all or only part of Gillett's 50 percent stake.
Hicks and Gillett have the power to block the other from selling.
The duo bought the club last year for $431 million _ beating a rival bid from the Dubai consortium.
Hicks owns the Texas Rangers and the Dallas Stars, while Gillett is owner of the Montreal Canadiens. Calls to Gillett seeking comment were not immediately returned.
On Tuesday, DIC gave the Americans 24 hours to accept its offer. Gillett has been in close contact with DIC in recent weeks.
The DIC bid was made a day after chief executive Sameer al-Ansari said Hicks and Gillett had "come out of dreamland" over the worth of the Premier League club.
Gillett and Hicks refinanced their Liverpool deal with a $682 million package from two banks on Jan. 25. But the package left the 18-time English champions with debt of $205 million.
Hicks revealed in January that he had spoken to DIC about a "10 to 15 percent participation," but that his valuation was deemed to be too high.
Since then, Hicks has said he is committed to retaining his share of Liverpool and he anticipates taking a "more active role" with the 18-time English champion.
Investment banker JP Morgan Chase & Co. will attempt to raise private equity through the Hicks Sports Group, which includes his U.S. sports franchises.
Fans had turned on the American owners after their public feud with popular manager Rafa Benitez over transfers, leading to demonstrations outside and inside Anfield.
Since talks were held in December, Benitez speaks warmly about Hicks, who sends the Spaniard motivational e-mails.
The Reds trail leader Arsenal by 15 points and are vying with fourth-place Everton for the final Champions League berth.
The Associated Press has reported that Hicks has made a formal offer to buy out Gillettt. He is trying to raise private equity money for this.
AAARRGGHH!
Hicks Makes Gillett Offer for Liverpool
Tuesday March 4, 2008.
By ROB HARRIS
The Associated Press Tuesday, March 4, 2008; 3:23 PM
LIVERPOOL, England -- Liverpool co-owner Tom Hicks has made a bid to buy all or part of George Gillett Jr.'s share of the Premier League club, The Associated Press has learned.
Hicks is still negotiating with Gillett after the duo turned down an $800 million offer for the English club from Dubai International Capital, a person involved with the negotiations told the AP on Tuesday. He spoke on condition of anonymity because of the sensitivity of the situation.
It was unclear if Hicks is planning to buy all or only part of Gillett's 50 percent stake.
Hicks and Gillett have the power to block the other from selling.
The duo bought the club last year for $431 million _ beating a rival bid from the Dubai consortium.
Hicks owns the Texas Rangers and the Dallas Stars, while Gillett is owner of the Montreal Canadiens. Calls to Gillett seeking comment were not immediately returned.
On Tuesday, DIC gave the Americans 24 hours to accept its offer. Gillett has been in close contact with DIC in recent weeks.
The DIC bid was made a day after chief executive Sameer al-Ansari said Hicks and Gillett had "come out of dreamland" over the worth of the Premier League club.
Gillett and Hicks refinanced their Liverpool deal with a $682 million package from two banks on Jan. 25. But the package left the 18-time English champions with debt of $205 million.
Hicks revealed in January that he had spoken to DIC about a "10 to 15 percent participation," but that his valuation was deemed to be too high.
Since then, Hicks has said he is committed to retaining his share of Liverpool and he anticipates taking a "more active role" with the 18-time English champion.
Investment banker JP Morgan Chase & Co. will attempt to raise private equity through the Hicks Sports Group, which includes his U.S. sports franchises.
Fans had turned on the American owners after their public feud with popular manager Rafa Benitez over transfers, leading to demonstrations outside and inside Anfield.
Since talks were held in December, Benitez speaks warmly about Hicks, who sends the Spaniard motivational e-mails.
The Reds trail leader Arsenal by 15 points and are vying with fourth-place Everton for the final Champions League berth.
This one is more than 24 hours old. Loads of swings a turnabouts since then
.no says that PA says that the offer from DIC still stands but Gillett has withdrawn to consider the offer and perhaps wait for a 3rd party to make a bid.
DIC doesn't expect this to happen though, and is confident that GG will return to the negotiation table later this week.
Originally posted by Morten_nogamst_PedersenView Post
.no says that PA says that the offer from DIC still stands but Gillett has withdrawn to consider the offer and perhaps wait for a 3rd party to make a bid.
DIC doesn't expect this to happen though, and is confident that GG will return to the negotiation table later this week
Comment