DIC latest - the largely wild speculation thread

[Lecter]

Doubt it, would you want to publicise the fact you failed in a bid for Liverpool FC for a second time in a year, the Sheikh will be embarassed and pissed off.

DIC will be banking on the credit crunch getting worse and Hicksy going to them wanting to get out...

There was a post on RAWK the other day quoting a conversation with a broadsheet journalist and saying this was DIC's normal modus operandi in such circumstances

However with Hicks they were worried to what extent he would go to raise enough cash

IE it might be better paying over the odds today than buying a club with the bulk of its assetts sold off

[Jayesh87]

There was a post on RAWK the other day quoting a conversation with a broadsheet journalist and saying this was DIC's normal modus operandi in such circumstances

However with Hicks they were worried to what extent he would go to raise enough cash

IE it might be better paying over the odds today than buying a club with the bulk of its assetts sold off

I was only trying to wind up AFII
If DIC would have walked away, the media would have picked up on it imo.
Do you think Hicks would need to match the add on's that DIC offfered aswell, to buy his stake?

[AFII]

I was only trying to wind up AFII
If DIC would have walked away, the media would have picked up on it imo.
Do you think Hicks would need to match the add on's that DIC offfered aswell, to buy his stake?

DIC hasn't walked away. They are just waiting until the 90 day deadline is over.

[Lecter]

DIC hasn't walked away. They are just waiting until the 90 day deadline is over.

Assuming there is a 90 days clause when did the deadline start

[Jayesh87]

Assuming there is a 90 days clause when did the deadline start

Bid made?
Bid accepted?
Bid vetoed?

Must be one of the above 3...

[pezzzer]

Assuming there is a 90 days clause when did the deadline start

thats the thing mate, we dont know.

gillet would of informed KOP holdings of his desire to sell, they would of made all other shareholders aware (hicks) then presumably hick used his veto instantley to allow him first refusal.

my guess would be mid jan and no later.

[Lecter]

thats the thing mate, we dont know.

gillet would of informed KOP holdings of his desire to sell, they would of made all other shareholders aware (hicks) then presumably hick used his veto instantley to allow him first refusal.

my guess would be mid jan and no later.

If there is a 90 day clause I reckon its from bid acceptance

If thats the case then it was early March when DIC advised one of the owners had "come out of dreamland" thats the nearest we have had to any agreement

[El Jefecito]

The real question is, is there any coroboration that there really is a 90 day window?

[Lecter]

The real question is, is there any coroboration that there really is a 90 day window?

No

However its fairly certain that any veto / first option wouldnt be indefinite and would have a time limit on it

[vonk]

Without DIC we are destined for more seasons like this one. After today there are only two solutions:

1. Get DIC in and hope they give Rafa a warchest during the summer.
2. Get rid of Rafa and get a manager in who can motivate and get the most out of these players.

We are going nowhere fast with the current setup. Nowhere.

[pezzzer]

Without DIC we are destined for more seasons like this one. After today there are only two solutions:


2. Get rid of Rafa and get a manager in who can motivate and get the most out of these players.

We are going nowhere fast with the current setup. Nowhere.

agree with your fist point but your second is ridiculously wrong on so many levels it hurts.

but your entitled to your opinion

[Exiled_red]

Without DIC we are destined for more seasons like this one. After today there are only two solutions:

1. Get DIC in and hope they give Rafa a warchest during the summer.
2. Get rid of Rafa and get a manager in who can motivate and get the most out of these players.

We are going nowhere fast with the current setup. Nowhere.

Lets hope for point 1.

I don't agree with point 2. bringing in another manager just sets us back to the start of another 5 year plan, stick with Benitez

[sinbad]

After handing the Mancs no 17 on a plate yesterday.
DIC......... where are you, it's now or never.

It's two weeks since the fat hillbilly last uttered a word.
The silence is deafening.

[carlton]

DIC to seal £400m deal for Liverpool in 'three to four weeks'
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By Jason Burt and Ian Herbert
Tuesday, 25 March 2008

The long pursuit of Liverpool by Dubai International Capital is set to end within the next "three to four weeks" with the investment group taking full control of the Premier League club, according to a source close to the proposed deal.

DIC is understood to be confident that it will finally buy the club for £400m – and is looking to involve a "third party" investor, who would take a minority stake, as part of its business plan. The company is believed to already have an agreement in place with the club's co-owner George Gillett Jnr to buy his share. It is also confident that Tom Hicks, who owns the other 50 per cent, is now close to agreeing to sell to them even though he cut off negotiations earlier this month insisting he would not sell even a minority stake. Hicks also said he would block any attempt by Gillett to sell.

Although DIC, which is the private equity investment arm of the Dubai government, realises it is paying a high price for Liverpool – Gillett and Hicks bought the club for £219m 13 months ago – such is its determination to succeed that it wants to push ahead. "It's not a cheap deal and Hicks is holding out but there is confidence that it will now finally happen," a source said. Matters have not been helped by the strained relationship between the two Americans.

DIC, whose chief executive Sameer Al-Ansari is a life-long fan of the club and who will join the board, has ambitious plans which could include involving some of its other investment vehicles in an attempt to raise its profile. The hotel group Jumeirah could be used as part of the development of a new stadium. A wide-ranging review of the club, and its revenue streams, will be conducted.

DIC came close to buying Liverpool before the Americans' acquisition and has tried to resume negotiations, on and off, ever since. The reason for the apparent confidence now could be that several of Hicks' loans are due for refinancing within two or three months. This may be the trigger for his main lender – believed to be JP Morgan – to force him back into talks with DIC and accept its offer for Liverpool.

The full level of the Texan's debt is unclear. But DIC sources believe he has been hit badly by the state of the financial markets in the United States, which has seen the value of assets which he has borrowed heavily against drop – in some cases by between 30 and 50 per cent. Were Hicks unable to refinance loans when, at a time of severe anxiety among financial institutions, they are due, JP Morgan could take over the assets Hicks has borrowed against or force a sale. Since bankers would tend to sell on such assets anyway the presence of a prospective buyer like DIC would be attractive to them.

Given how far apart DIC and Hicks seem to be, it would appear that any chance of the Arab consortium having a future role at Anfield would be through a complete takeover, with or without a junior partner.

[Red_Polo]

DIC to seal £400m deal for Liverpool in 'three to four weeks'

http://www.est1892.co.uk/forums/showpost.php?p=1000000&postcount=21

http://www.independent.co.uk/sport/football/news-and-comment/dic-to-seal-163400m-deal-for-liverpool-in-three-to-four-weeks-800255.html