DIC latest - the largely wild speculation thread

[Sarb]

It is indeed, and it wouldnt worry me, in fact many millionairs reckon they had to be bankrupt to eventually succeed. It's just that for some on here its another stick to beat people with, but only selected people.

Nowt wrong with having been bankrupt in the past. However, the Yanks just aren't good for us. It's as simple as that

[Rashid]

Talks of Stavely being on our board is way off the mark... more likely to be an advisor IMO.

[Steve101]

Talks of Stavely being on our board is way off the mark... more likely to be an advisor IMO.

And you'd know of course, funny that your precious newspapers seem to say she would, still dont let that stop you bull****ting.

[kop-al-74]

[QUOTE=Steve101;977573]And you'd know of course, funny that your precious newspapers seem to say she would, still dont let that stop you bull****ting.[/QUOTE]

[Fowler_God]

Expecting a few more rumours to fly around tonight after the game. People will be talking and something new should come out.

[JohnDoe]

Expecting a few more rumours to fly around tonight after the game. People will be talking and something new should come out.

What's the point? It's just going to be more bull****.

[Fowler_God]

What's the point? It's just going to be more bull****.

Because i love gossip. Thats why i read the missus copy of MORE when i go the bog

[scouse lad]

why are we talking about what DIC will do when they are in, when they are a million miles away from that.

[AFII]

DIC confident Liverpool bid will succeed
By Roger Blitz, Leisure Industries Correspondent
Published: March 5 2008 04:57 | Last updated: March 5 2008 04:57

Dubai International Capital believes it will still end up as the owner of Liverpool FC, in spite of one of the two US owners of the club turning down a £400m ($793m) offer.

The sovereign fund set Tom Hicks and George Gillett a deadline of midnight on Tuesday night for accepting its debt-inclusive offer, tabled last week.

The offer would leave each of them with a £25m profit on their takeover last year of the Premier League club.

Mr Hicks has rejected the offer and has made it clear that he would not countenance a 50-50 shareholding with anyone other than Mr Gillett. Under the terms of their co-ownership agreement, neither party can sell his stake to a third party without the approval of the other.

Mr Gillett is understood to view the DIC offer as undervaluing the club.

In spite of the apparent “take-it-or-leave-it” message behind its deadline, DIC is unlikely to walk away from Liverpool altogether.

DIC, which has been in contact with the owners and their advisers since last autumn, envisages a two-stage takeover, in which it buys out Mr Gillett and waits for Mr Hicks to sort out other financial affairs before taking full control of the club.

A representative for Mr Hicks declined to comment on whether he needed to retain his stake in Liverpool to underpin a planned flotation of his Hicks Sports Management group.

The fund, controlled by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum, last year made a £219m offer for Liverpool but failed to reach an agreement with David Moores, the club’s former chairman, allowing the Hicks/Gillett consortium to step in to buy the club at the same price.

Sameer al-Ansari, chief executive of DIC, said earlier on Tuesday that talks were at a “sensitive stage”.

Speaking on the sidelines of a private equity conference in Dubai he said the owners had responded to the indicative offer. He added that one of them was showing signs that he could lower the valuation of the club.

Additional reporting by Simeon Kerr in Dubai

http://www.ft.com/cms/s/0/9743586a-e...nclick_check=1

[fah-q]

DIC need to send their representative in to see Hicks with Luca Brasi in tow.

Either his brains or his signature would soon be on the contract.

[DannyMan2006]

DIC need to send their representative in to see Hicks with Luca Brasi in tow.

Either his brains or his signature would soon be on the contract.

Doesn't he swim with the fishes though

[AFII]

From RAWK.....

DIC confident as George Gillett gets ready to sell Anfield stake
Oliver Kay

Dubai International Capital (DIC) remains confident that George Gillett Jr will accept its improved offer for his 50 per cent stake in Liverpool. Gillett, the club's co-chairman, was said to be considering his options and consulting lawyers and brokers last night, increasing DIC's belief that he will accept its offer of a healthy profit rather than allow the process to drag on.

Tom Hicks, Gillett's co-owner, claimed last week that his fellow American “cannot sell without my approval”, but sources close to DIC, the private-equity investment arm of the Dubai Government, claim to have “found a way around that” and that when, not if, Gillett agrees to sell, Hicks will have little option but to do likewise - a scenario that Hicks insists will not transpire as he looks to buy out his business partner.

Gillett, whose partnership with Hicks has disintegrated over the 13 months since they arrived at Anfield, rejected DIC's offer of £200million for his stake - and thus a £25million personal profit once the club's borrowings are taken into account - before a deadline of midnight on Tuesday. The offer was increased over that evening in negotiations between his lawyers and Amanda Staveley, DIC's principal adviser, with sweeteners including a clause that would entitle him to a portion of future profits should Liverpool flourish under new ownership.

Gillett, owner of the Montreal Canadiens ice hockey franchise, was the instigator of the original takeover just over a year ago, when he and Hicks gazumped DIC to buy Liverpool, but several factors - notably a difficult financial climate and his dysfunctional working relationship with Hicks - have persuaded him to sell his stake.

Gillett and DIC in high-stakes poker
Staveley driving force in Liverpool takeover
He is at present recovering from illness at his home in Vail, Colorado, while his son, Foster, who was given the job as a liaison between the owners and Rafael Benítez, the manager, has returned to Montreal indefinitely.

Hicks promises to be a far more awkward negotiator, but DIC doubts the claims from the United States that he has the means to pursue his ambition of buying out Gillett's stake. His reported plan to buy 2 per cent of Gillett's stake - giving him majority control, with 51 per cent of the share capital - is not taken seriously by DIC, which claims that it would trigger a “change of control” clause.

[Harv]

come on. I hope this is wrapped up before the weekend

[ronniedrew]

i dont really know what to make of Kays article, nothing concrete but seems fairly confident

what do you think?

[AFII]

i dont really know what to make of Kays article, nothing concrete but seems fairly confident

what do you think?

Well, if Gillett is consulting lawyers and brokers then it's starting to look good.