DIC latest - the largely wild speculation thread

[carlton]

Who said that?

Guyko21, someone on here posted an earlier post by him on the subject a few hours ago.

[MattB]

Guyko21, someone on here posted an earlier post by him on the subject a few hours ago.

Twas me that posted his last missive. But I'm taking it with a healthy pinch of salt

[carlton]

Twas me that posted his last missive. But I'm taking it with a healthy pinch of salt

Yep, no worries.

[rage]

and i presume that hicks will have to match what DIC offer and not be able to buy at a lower price? Here's hoping anyway.

The guy definitely has no class whatsoever.

[Jayesh87]

Hopefully Tony Barrett will clear up the situation with regards to Hicks latest quotes in todays echo

[RedProf]

Hicks: I'll buy Anfield outright
By David Maddock 29/02/2008
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Tom Hicks is on the verge of a bid to take full control of Liverpool.

The Texan tycoon yesterday revealed he has power of veto to prevent co-owner George Gillett from selling his 50 per cent stake to Arab investment company DIC.

And Hicks hinted strongly that in blocking such a move, he will instead try to persuade his fellow American - who wants out of Anfield - to sell up to his company Hicks Holdings.

"Not only am I not going to sell, my partner cannot sell without my approval," said the billionaire. "So, I kind of have the ability to determine the outcome of what is going to happen, and I am right in the middle of that."
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Hicks' revelations will dismay a large section of the Liverpool support, who don't trust the Americans and their financial strategies.

There is also anger the US owners tried to persuade Jurgen Klinsmann to take over as manager.

But Hicks hopes to make it clear that it was Gillett that made the running over Klinsmann, and in recent months he has put his full support behind Spanish boss Rafa Benitez.

Hicks may struggle to find the £150million that it will cost to buy out Gillett, but he has been in talks with powerful American businessmen recently, including close contacts of President George W. Bush.

It is clear his relationship with Gillett has broken down and now Hicks wants his partner out of the way.

He has already set aside £50million to give to the manager to spend on new players, and plans to begin work this summer on a state-of-the-art 72,000-capacity stadium.

It seems he is edging closer to making a bid for full control, after revealing he has been working on the situation for the past few weeks.

"For a lot of reasons I can't discuss, I haven't been able to fix it yet. But I am preparing to be in a position to fix it," he told the influential Texas newspaper the Fort Worth Star-Telegram.

Wow....talk about turning an average set of quotes into a sensationalist story! Tomorrow no doubt they'll run with a headline Bush to buy Liverpool as favour to Hicks

[MattB]

Hopefully Tony Barrett will clear up the situation with regards to Hicks latest quotes in todays echo

Sadly, he hasn't. Just this at end of his Mascherano piece

Meanwhile, Liverpool co-owner Tom Hicks claims he has the right to veto any attempt by George Gillett to sell his stake in the club.

Not only am I not going to sell, my partner cannot sell without my approval," Hicks told the Fort Worth Star-Telegram.

"So, I kind of have the ability to determine the outcome of what is going to happen, and I am right in the middle of that.”

[Cormack74]

The same source bechance?

I wouldn't give too much credence to that station if I were you

I don't mate, I'm just trying to stay half full rather than half empty.

[Steve001]

The latest from RAWK



One way to arrange this is to price Hicks out of the market by selling his share to DIC at a ludicrous price that Hicks can't match and invest the surplus in a DIC vehicle afterwards, thereby effectively matching DIC's more realistic valuation.

I think the problem with that might be that the Tax Man (in whatever jurisdiction) would see an inflated sale price as a capital gain (because that is what it is) and will want his slice of what will be deemed to be a profit!

[desertscouser]

Guyko21, someone on here posted an earlier post by him on the subject a few hours ago.

Can't believe how many 'insiders' RAWK have. Amazing.

[steveheighwayrobbery]

Hicks can stop Gillett from selling Liverpool
By David Bond
Last Updated: 7:51am GMT 29/02/2008

Tom Hicks yesterday warned Liverpool co-owner George Gillett Jr that he has the power to stop him from selling his 50 per cent stake in the club to Dubai International Capital

In comments which provide the first public insight into the breakdown of the relationship between the American businessmen, Hicks claims he will be the central figure in determining the outcome of the power struggle unfolding at Anfield.

"I'm not selling," Hicks said in an interview with Texas newspaper, the Fort Worth Star-Telegram. "Not only am I not going to sell, my partner cannot sell without my approval. So I kind of have the ability to determine the outcome of what is going to happen, and I am right in the middle of that."

Hicks' latest defiant remarks come a week after he held talks in London with representatives of DIC, the investment arm of the Maktoum royal family, in London. Despite a spokesman for Hicks refusing to comment on why he was involved in those talks, Hicks issued another statement on Tuesday insisting he had no plans to sell or to open the club's books to DIC.

Gillett, on the other hand, is thought to be willing to sell up, having fallen out with Hicks over last month's £350 million, 18-month refinancing package with Royal Bank of Scotland and American bank Wachovia.

Under the terms of the original takeover deal last year, Hicks has pre-emption rights over Gillett's stake in Kop Football (Holdings) Ltd, the parent company who, in turn own Liverpool FC. That means Gillett must first offer his stake to Hicks if he finds another buyer.Yes it is likley that they have a shareholder agreement. However the right to buy will be time limited. If it is not, fear not. It is open for Gillette to aks the court to dissolve the comany given the brakedown between the shareholders/directors. If this happended all the loans would have to be paid off. Hicks has not got the cash!!!

Similarly, Gillett has first refusal on Hicks' stake and with the Texan billionaire still in dialogue with DIC, that could turn out to be equally crucial if he changes his public position and decides to sell.

What is not clear is whether Hicks or Gillett has the right to block the other from selling out. It is thought the pre-emption rights last for 90 days, at the end of which either could sell to a third party. Pre-emption rights attach to an allotment of new shares. It is more likely that there is a restriction on the transfer of shares. It is the same effect but the solution above is compelling

[Sarb]

Wonder if Melia still thinks Hicks is great?!

Hicks is a ****ing cock man. Arrogant ****ing redneck. Typical. Probably thinks we're a bunch of ****ers for wanting him out and he's going to teach us a lesson.

So much for him being a silent partner when they took over..

Big mouth phuddu

[steveheighwayrobbery]

Wonder if Melia still thinks Hicks is great?!

Hicks is a ****ing cock man. Arrogant ****ing redneck. Typical. Probably thinks we're a bunch of ****ers for wanting him out and he's going to teach us a lesson.

So much for him being a silent partner when they took over..

Big mouth phuddu

People kind of say what they find. It is no doubt ahrd to disuade a person that the fella who flew you over first class to LFC wined and dined you in the Directors boxe and generally looked after you, is a bit of a cock. However the fact that one of the more recent celebraties is not talking the same glad tidings is telling.

[Manofthebog]

JimmyF
Main Stander

Online

Posts: 67


Re: DIC investing in club, all posts and updates:
« Reply #1961 on: Today at 03:07:12 PM »

--------------------------------------------------------------------------------
Posted by the guy on football forum, cant comment on his cred but apparently he works for or has links to the press

Hello,

Well it seems as if Tom Hicks has finally now admitted George Gillett is in advanced negotiations with Dubai International Capital.

Word was on Tuesday - there would be a big announcement made regarding Gillett’s shares within 10 days.

Well yesterday Tom Hicks confirmed that negotiations have been on-going with his 'partner' & DIC officials.

The relationship between the American pair has completely & utterly broken down.

Some press are saying that Dubai International Capital are ready to bid for Gillett's shares, but my understanding is, talks have been ongoing for months & the OFFER WAS MADE weeks ago.

I also understand that Gillett has agreed to sell his shares to DIC, which in turn prompted this response from Hicks.

Tom Hicks:

"Not only am I not going to sell, my partner cannot sell without my approval. “

"So I kind of have the ability to determine the outcome of what is going to happen, and I am right in the middle of that."

"For a lot of reasons I can't discuss, I haven't been able to fix it yet. But I am preparing to be in a position to fix it."

Now I understand that last sentence to mean he is desperately trying to find a backer who is willing to stump up the required money that would enable Hicks to buy Gillett's shares.

But this will not happen.

Like I said sometime ago - Gillett has given his word to Dubai International Capital, headed by Sheikh Mohammed bin Rashid Al Maktoum, who is now personally involved with negotiations, they can buy his shares & everything is in place.

Gillett will not sell his half to Hicks.

Gillett is said to be furious that Hicks has ruined his what seems like a genuine wish to do good things at Liverpool.

Before Foster Gillett left Liverpool, he let it be known to some within Anfield that none of what was happening was down to his father or his family.

Further more George Gillett has spoken with Rafael Benitez, Mr. Moore's & Rick Parry several times in the last 2 months to let them know exactly where things stand with all that going on at the moment.

From what I hear - George Gillett is quite a decent guy who has been railroaded into making decisions he didn’t want to take, but such is his intense disliking of Tom Hicks & the fact things are now beyond repair, Gillett see’s getting out of Liverpool whilst making a tidy profit a good plan & who could blame the guy?

Dmjn100

[Pacman]

Hmmmmm I thought Rafa said he hasn't spoken to Gillett since December.