DIC latest - the largely wild speculation thread

[CharlieMansonsSquint]

yes...Mike Jeffries

ignorant scotchman

No the other bloke, his name escapes me, his business partner.

Then again they were keeping in contact though Dunk.

[Radar]

No the other bloke, his name escapes me, his business partner.

Then again they were keeping in contact though Dunk.

King Kenny was at the forefront of the bid.

Didn't Dunk go to the premier of Goal with his mate that looked like he was on drugs

Stuart Ford

MJ007

[DannyMan2006]

no, the ap is a press/media agency in its own right, its yank owned surprise surprise and other agencies can access their 'news' for a fee.

. Im sure wiki has got a wriite up on it.

Cheers

[carlton]

DIC remain confident Anfield deal is close

By David Bond
Last Updated: 1:11am GMT 07/03/2008

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Dubai International Capital secured a major breakthough in their £400 million battle for control of Anfield yesterday when Tom Hicks said he would not block co-chairman George Gillett from selling a 49 per cent stake in Liverpool to the sovereign wealth fund.
# In pics: Champions League action
# Football fans' forum

Confirming the Daily Telegraph story yesterday that Hicks was preparing to drop his opposition to DIC's investment in the club, a source close to the American said last night that his advisers would be prepared to meet in London for talks next Monday.

FF
Fantasy Football Friday

Under the terms of the deal proposed yesterday, DIC would buy 49 per cent of Gillett's equity for around £40 million in cash. The owner of the Montreal Canadiens Ice Hockey team stands to earn up to another £40 million in a complicated "earn-out" package dependant on Liverpool's future financial success.

At the same time Hicks would buy one per cent of Gillett's stake, giving him majority control of the club with 51 per cent.

DIC are convinced Hicks's finances are in such a precarious state in America that he will quickly need to follow Gillett by selling out. Sources say DIC remain committed to securing complete control of Liverpool at some point - illustrated by their willingness to pay a £180 million premium on the £220 million enterprise value Hicks and Gillett paid for the club last February.

Talks between DIC's advisers, the private equity fund PCP Capital Partners, and Gillett's lawyers made slow progress yesterday but DIC remain confident a deal will be finalised by tomorrow.
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If Gillett doesn't accept, they will walk away from the deal and wait for the American businessmen to hit new financial problems when they come to try and raise another £300 million needed to complete the club's new stadium at Stanley Park.

Seems there might be something in this 49% ownership thing.

[El Jefecito]

DIC remain confident Anfield deal is close

By David Bond
Last Updated: 1:11am GMT 07/03/2008

Have your say Read comments

Dubai International Capital secured a major breakthough in their £400 million battle for control of Anfield yesterday when Tom Hicks said he would not block co-chairman George Gillett from selling a 49 per cent stake in Liverpool to the sovereign wealth fund.
# In pics: Champions League action
# Football fans' forum

Confirming the Daily Telegraph story yesterday that Hicks was preparing to drop his opposition to DIC's investment in the club, a source close to the American said last night that his advisers would be prepared to meet in London for talks next Monday.

FF
Fantasy Football Friday

Under the terms of the deal proposed yesterday, DIC would buy 49 per cent of Gillett's equity for around £40 million in cash. The owner of the Montreal Canadiens Ice Hockey team stands to earn up to another £40 million in a complicated "earn-out" package dependant on Liverpool's future financial success.

At the same time Hicks would buy one per cent of Gillett's stake, giving him majority control of the club with 51 per cent.

DIC are convinced Hicks's finances are in such a precarious state in America that he will quickly need to follow Gillett by selling out. Sources say DIC remain committed to securing complete control of Liverpool at some point - illustrated by their willingness to pay a £180 million premium on the £220 million enterprise value Hicks and Gillett paid for the club last February.

Talks between DIC's advisers, the private equity fund PCP Capital Partners, and Gillett's lawyers made slow progress yesterday but DIC remain confident a deal will be finalised by tomorrow.
advertisement

If Gillett doesn't accept, they will walk away from the deal and wait for the American businessmen to hit new financial problems when they come to try and raise another £300 million needed to complete the club's new stadium at Stanley Park.

Seems there might be something in this 49% ownership thing.

Bonds, has been wrong more often than not. It'd be great if we had some positive news tomorrow though. Not holding my breath.

I think once DIC get in the door, they will eventually get complete control. Given their financial resources that can only be a good thing.

BTW I'm happy that DIC are so intent on getting us, they seem to be pulling out all the stops. Can only mean that they are sure that we are going to be a success over the next 7 years ( )

[Nicey]

She can negotiate with me anyday

[Chasboylfc]

She has already negotiated time with my right hand & under carriage :P

[carlton]

Bonds, has been wrong more often than not. It'd be great if we had some positive news tomorrow though. Not holding my breath.

I think once DIC get in the door, they will eventually get complete control. Given their financial resources that can only be a good thing.

BTW I'm happy that DIC are so intent on getting us, they seem to be pulling out all the stops. Can only mean that they are sure that we are going to be a success over the next 7 years ( )

Yes, its all a bit strange. I think the story is being spun that Hicks will drop his 'opposition' to the deal if DIC only buy 49% not that he is dropping his opposition full stop. I think they will eventually own LFC if not soon then in the not too distant future. Its clear the yanks are on borrowed time and dont have the funds to take LFC to the next stage. That 7 year story caused alot of mischief when it came out.

[Danish_Pastry]

I migth also be so, that DIC offer Hicks to buy him out now - and pay one price - or leave him with the 51% and tell him the tougher conditions for the next deal/the time in co-ownership - and he the suddenly tells everybody, that for the best of the club (and his own purse) he had to sell (and thereby can save his face).

pure speculation/wishfull thinking - but.....

[Harv]

She has already negotiated time with my right hand & under carriage :P

Rusty Trombone

[Fowler_God]

Another message got sent out last night. This one got as far as Dubai. A member of the Working Committee was able to meet with a representative of DIC. He told them supporters would on the whole be pleased with a change of ownership and having had our fingers burnt once, they'd be welcomed, albeit cautiously. They took these comments on board. The meeting was constructive and talks will hopefully continue in the future.

We ask all supporters, union members or not, not to go overboard about this. This doesn't guarantee in any way, shape or form that DIC are inevitably going to take over. Nor does it mean we endorse them. It simply was what it was, an introductory meeting between us and them. Pleasing in itself, but we will always keep to our stated aim of holding whoever owns the football club to account.

[barnes10]

if DIC are effectively replacing Gilett as a 50-50 partnership with hicks, then they will also get the right to veto loans as well as the equivalent first option to buy out hicks should he wish to sell - as hicks has today.

there will also have to be some sort of guarantees that if there is a board majority to invest in a certain scheme - lets say the stadium as an example - that hicks has to match DIC's captial injection or accept a dilution of his shares. hicks can finance himself as he likes (loans) but any debt onto the club will have to be with the agreement of DIC.

essentially its all set up to be a gamble on hicks' future ability to raise finance/not need to take dividends from the club. if he can run with it, then it will work out as a partnership and lfc can get to the top with the stadium/team investment/business model upgrade etc. Afterall, this is what Hicks wants too in order to achieve his goal of the 1Billion asset. If he can't his ownership will be diluted due to the fact that DIC won't allow him to prevent their plans to take the club to the top. This to me seems the only way a partnership between DIC and Hicks could work out for both sides.

in hindsight, knowing the tightness of gillett's finances, placing the onus on the club could have been needed by him more than hicks. so in this sense, gillett was the big problem and caused the debt loading on us. who knows but perhaps hicks isnt as detrimental to the ability of the club to move forward as we have assumed.

[Assassin]

She can negotiate with me anyday

Her eyes a to close too each other.......she shouldnt be trusted!!!

[AFII]

if DIC are effectively replacing Gilett as a 50-50 partnership with hicks, then they will also get the right to veto loans as well as the equivalent first option to buy out hicks should he wish to sell - as hicks has today.

there will also have to be some sort of guarantees that if there is a board majority to invest in a certain scheme - lets say the stadium as an example - that hicks has to match DIC's captial injection or accept a dilution of his shares. hicks can finance himself as he likes (loans) but any debt onto the club will have to be with the agreement of DIC.

essentially its all set up to be a gamble on hicks' future ability to raise finance/not need to take dividends from the club. if he can run with it, then it will work out as a partnership and lfc can get to the top with the stadium/team investment/business model upgrade etc. Afterall, this is what Hicks wants too in order to achieve his goal of the 1Billion asset. If he can't his ownership will be diluted due to the fact that DIC won't allow him to prevent their plans to take the club to the top. This to me seems the only way a partnership between DIC and Hicks could work out for both sides.

in hindsight, knowing the tightness of gillett's finances, placing the onus on the club could have been needed by him more than hicks. so in this sense, gillett was the big problem and caused the debt loading on us. who knows but perhaps hicks isnt as detrimental to the ability of the club to move forward as we have assumed.

[AFII]

So if DIC don't want a new loan in 17 months time then Hicks would have to pay £175m or something like that to the banks or sell up.