DIC latest - the largely wild speculation thread

[Rashid]

Sky Sports "news Just In": Dic Agree To Buy 49% With Hicks Getting Control.

[wavydavy]

Sky Sports "news Just In": Dic Agree To Buy 49% With Hicks Getting Control.

It's gettin' ridiculous this. I honestly don't know what or who the **** to believe.

[wishiwasascouser]

Why on earth would DIC want 49%?!?!

[honestjon]

Sky now reporting source close to the deal saying DIC are to settle for 49% of Gillette's holding and allow Hick's to retain overall control

great news

[Vermilion]

Why on earth would DIC want 49%?!?!

Crazy, just Crazy....

[Rashid]

AP NewsBreak: Dubai group will accept buying just 49 percent of Liverpool
Posted: Thursday Mar 6, 2008 3:19 PM

MANCHESTER, England (AP) -The Dubai consortium battling for ownership of Liverpool is now willing to purchase less than 50 percent of the club, the Associated Press has learned.

Dubai International Capital will cede to the demands of Tom Hicks that his co-owner George Gillett Jr. can only sell 49 percent of the club - with Hicks wanting the final percent for a majority stake - an executive close to DIC told the AP. He spoke on condition of anonymity because of the sensitivity of the situation.



DIC was initially only interested in gaining a controlling interest, but is willing to settle for an initial partnership with Hicks at Anfield, with the long-term aim of taking full control, the executive said.

Negotiations are now under way with Gillett to seal the deal.

Gillett had been offered up to 80 million pounds (US$158 million; ?104 million), including a share of future profits, to sell his full stake end his turbulent year in English soccer.

Hicks and Gillett bought Liverpool for 218.9 million pounds (then US$431 million) in March 2007, and hold 50 percent each of the club.

The executive working on the DIC bid insisted that Hicks is preparing to hold face-to-face talks with DIC next week - despite rebuffing the consortium's initial 500 million pound (US$993 million; ?650 million) bid for the whole club. That would include paying off the 350 million-pound refinancing package the Americans negotiated in January for the loan used to purchase the Reds. Initial estimates had put the bid at 400 million pounds (US$794 million; ?522 million).

The executive claimed Hicks, who also owns the Texas Rangers and the Dallas Stars, spoke by telephone Wednesday with Amanda Staveley, DIC's lead negotiator, to arrange a meeting in England early next week to bring the situation to a conclusion.

The Hicks camp denied that claim Thursday.

The uncertainty surrounding the club's future ownership has overshadowed Wednesday's 4-0 victory over West Ham, which restored Liverpool to fourth in the Premier League standings.

Liverpool fans staged a protest during the game, urging the American owners to sell to DIC.

Fans are upset that the duo have saddled the club with debt, failed to start building a new stadium and sought to replace popular manager Rafa Benitez.

[wavydavy]

Why on earth would DIC want 49%?!?!

Surely DIC wouldn't be paying the sums reported without gaining control of the club. Suspect this is just more speculation.

[Shaggy]

FFS.

I suppose 49% is a start - if this is true of course. Hard to believe that it is...

[Rashid]

I think they will agree to 49% hoping that Hicks won't get the loans in 18 months time.

[Sarb]

As long as they get in with a significant holding. They must know what they're doing

[Vermilion]

FFS.

I suppose 49% is a start - if this is true of course. Hard to believe that it is...

Hicks does seem to be calling the shots....at present anyway, i just hope, i pray DIC know what theyre doing & can eventually RID this club of the ****.

[Sarb]

Trust me mate, DIC won't take 49% for nothing. They're clever and know what they're doing.

By the way I ain't heard **** on Sky

[wavydavy]

Posted: Thursday Mar 6, 2008 3:19 PM

MANCHESTER, England (AP) -The Dubai consortium battling for ownership of Liverpool is now willing to purchase less than 50 percent of the club, the Associated Press has learned.

Dubai International Capital will cede to the demands of Tom Hicks that his co-owner George Gillett Jr. can only sell 49 percent of the club - with Hicks wanting the final percent for a majority stake - an executive close to DIC told the AP. He spoke on condition of anonymity because of the sensitivity of the situation.


This sentence doesn't ring true. Why would someone that "close" to the deal bother leaking info?

[Guest]

So bascially....still nothing much to see despite 72 pages......the longest and most ill-informed thread in the history of this board?

[Rowan]

FFS.

I suppose 49% is a start - if this is true of course. Hard to believe that it is...

Shaggy, It's a mental decision if its true. They will be effectively be ploughing in there money to a business where they don't have the ultimate ability to make the final decision on the key matters. I can't see massive investment in the team from them on those terms unless Hicks equals the investment that they are making. Wont this also mean that the split dividend won't meet our interest payment?

I appreciate that this is a rather uneducated, simplified way of looking at this, but the only way that I can see it working is if our existing debt remains and thew club contiues to serve it. Can someone help me out here?