DIC latest - the largely wild speculation thread

[DannyMan2006]

I looks like they haven't even made a direct offer to Hicks. They seem to have made the offer to Gillett for his 50% (he hasn't rurned it down and discussions are likely to go on into the night according to some accounts), and merely made it clear that the same offer is available to Hicks should he be interested

Mate, I reckon it's all or nothing with regards to purchasing the club.

It's clear that Hicks would love DIC to come in and pump some money in, because Hicks and Gillet don't have the capital required to get the club to a state where it would be worth a higher value. They have tried everyone they know and talks were only just completed due to them not wanting to risk to much of their own assets.

They want to sell now, but they think they can squeeze DIC for more cash. They're playing poker and risk losing DIC for good. Without an interested party they would struggle with a further re-financing of teh club.

[DannyMan2006]

Hicks knows that he would be voted down on everything if DIC buy Gillett's 50%.

Moores and Parry would then have the deciding vote and they wouldn't vote against DIC.

So, in the short term, Moores and Parry would probably stay even that both Hicks and DIC want them out.

That means that the battle is over for Hicks as soon as DIC buy Gillett's 50%.

I disagree with that.

I think it's all or nothing. They can only take the club forward by pumping in money. This would also increase the value of Hick's share without him spending a penny. This is what Hicks wants I guess, but this will not happen.

If DIC takeover, it will only be with Hicks and Gillet gone. Though maybe leaving them 5% each wouldn't be to unreasonable to them.

[DannyMan2006]

i think we'll have weeks of this.

I think not, unless the bid is agreed and we have due dilligence, in which case it could take weeks.

[wavydavy]

DIC will buy us for £450m

I think you're right my friend

[Vermilion]

I looks like they haven't even made a direct offer to Hicks. They seem to have made the offer to Gillett for his 50% (he hasn't rurned it down and discussions are likely to go on into the night according to some accounts), and merely made it clear that the same offer is available to Hicks should he be interested

Yes i see, i've been rapidly going through the new posts, the one shining light is that according to i think the Telegraph, talks are going on in London about Dic buying out Gillette. We can only hope that happens.

[Pablo]

Hicks knows that he would be voted down on everything if DIC buy Gillett's 50%.

Moores and Parry would then have the deciding vote and they wouldn't vote against DIC.

So, in the short term, Moores and Parry would probably stay even that both Hicks and DIC want them out.

That means that the battle is over for Hicks as soon as DIC buy Gillett's 50%.

You have some wierd, wierd logic sometimes AFII. Hasnt it been widely reported that pretty much the first thing DIC would do if they gain control is sack Parry? If so why would Parry vote on their behalf, if he in fact gets a casting vote as you suggest?

[MattB]

Mate, I reckon it's all or nothing with regards to purchasing the club.

It's clear that Hicks would love DIC to come in and pump some money in, because Hicks and Gillet don't have the capital required to get the club to a state where it would be worth a higher value. They have tried everyone they know and talks were only just completed due to them not wanting to risk to much of their own assets.

They want to sell now, but they think they can squeeze DIC for more cash. They're playing poker and risk losing DIC for good. Without an interested party they would struggle with a further re-financing of teh club.

But but but

Although the Texan businessman has again made it clear he has no interest in selling up, Gillett is thought to be more prepared to walk away from the club. If he agrees he stands to receive £25m for his shares.

His lawyers have been trying to thrash out an agreement this afternoon in discussions led by Amanda Staveley, the former internet entrepreneur turned financier who is a senior partner at a City firm PCP, who are representing DIC on the deal.

Despite denials from a spokeswoman for DIC that a midnight deadline had been imposed on Gillett to agree the offer, sources close to the negotiations made it clear that time is running out for him to accept. Sources said they nevertheless expected the discussions to go on late into the evening.

[wavydavy]

I think there may be a major announcement tonight. Fingers crossed.

[DannyMan2006]

I guess we can read into it any way we like.

But I say it's all or nothing and we have until the morning.

[Scratch]

a midnight deadline had been imposed on Gillett

So, when and if Gillett agrees a price with DIC, is this when Hicks' period of exclusivity begins, and he can either match DIC's offer or let Gillett sell?

Obviously, he can't stop Gillett from selling, but if i understand it right, if he matches DIC's offer, he has first option at that valuation?

[CharlieMansonsSquint]

i think we'll have weeks of this.

Well at least Rafa and the players will have their excuses in early should we lose a match and or drop points.

And honestly, do people really want the arabs to take over, can we really trust a bloke who dies his beard, or even has one to begin with?

These are the important questions.

[MattB]

I guess we can read into it any way we like.

But I say it's all or nothing and we have until the morning.

Lastest from Associated Press
If Gillett does agree to sell, Hicks would have first call on buying his colleague's stake. But that agreement is believed to only last for 90 days from when a bid if formally received.
And Hicks claims that it is "premature" to say he has already raised the money to buy out Gillett with loans from American business colleagues.
DIC may have to accept that Hicks cannot sell at the moment because he is raising money in the States by floating his entire sports empire - Dallas Stars, Texas Rangers and Liverpool.
Liverpool is the jewel in that crown, and he needs his stake in the club to remain part of his portfolio to raise further capital.
Hicks' whole sporting empire could be put at risk if he sold his complete stake in Liverpool now.
It seems, though, that he will have to sell eventually.

[Pablo]

Well at least Rafa and the players will have their excuses in early should we lose a match and or drop points.

And honestly, do people really want the arabs to take over, can we really trust a bloke who dies his beard, or even has one to begin with?

These are the important questions.

No these are borderline racist questions.

[MattB]

So, when and if Gillett agrees a price with DIC, is this when Hicks' period of exclusivity begins, and he can either match DIC's offer or let Gillett sell?

Obviously, he can't stop Gillett from selling, but if i understand it right, if he matches DIC's offer, he has first option at that valuation?

**** knows

[barnes10]

its like watching one of those wildlife programmes where the predator beast stalks the prey for a while and you watch them slowy move in for the kill. then before you know it 'bang' the predator makes its move and its all about wherther the prey can get out of it or not...

the end is nigh hicks you mutha****a and you know it.