DIC, Welcome to Anfield, the home of Liverpool FC

[Vermilion]

tell me bout it. family guy FX channel 165 at 9pm for 2 episodes then BBC3 at between 10:30 and 11:25 pm for more every night. best comedy on tv.

Unless, of course, Everton are playing in Europe.

Correct....But only on once or twice every 20 yrs.

[pezzzer]

Correct....But only on once or twice every 20 yrs.

they still bring out the dvd though

[wavydavy]

Unless, of course, Everton are playing in Europe.

Did anyone else catch that quote from the commentator or the summariser at the Fiorentina v Everton game the other night. "Everton are in big trouble now unless they can conjure up ONE OF THOSE MAGIC EUROPEAN NIGHTS AT GOODISON" I nearly fell off the ****in' couch.

[Slinky Skills]

http://www.telegraph.co.uk/sport/mai.../sfnliv108.xml

I've noticed something about this letter in that he referres to Sameer Al Ansari by his first name.

To me this indicates that they've been negotiating for quite a while and therefore he feels he can refer to Sameer Al Ansari by his first name which is a good sign.

Either that or this letter is fake as it's not very professional to refer to someone by their first name, especially not someone with a business background like DIC have.

Or is that just me?

[AFII]

I doubt that the letter is fake. Hicks have confirmed it.

[Lecter]

The key thing is we won't be paupers anymore, and if the loans do **** up we have the security of DIC - that's surely a good thing. We can then concentrate on the football and let DIC deal with Hicks in the long term. This situation is better than 6 months ago when we had these two cunts and there was no sign of DIC.

No way will DIC inject capital into the club unless its matched by Hicks

IF I where DIC I'd run the club at a loss

Theres two key things about this whole thing the debt being transferred to one of DIC's subsidiaries (with Hicks still liable for his share) and the stadium loans

They are were DIC will hope to break Hicks

[Lecter]

I think people are getting too hung up on the 49% thing. The key thing is Stavey's quote where she said they will be buying 100% eventually (it's in the Independent). Add that to the fact of rumours doing the rounds that Hicks needs to be a majority holder in Liverpool to float his franchises in America then this just seems like an agreement to placate Hicks and sweeten him up for the future.

DIC have never struck me as stupid. If they're paying off the loans and promising funds for the new Stadium, they know that they are more than 49% shareholders. It's obvious. They would never get into an arrangement in which they'd be obvious losers. I think in their agreements there will be stipulations and conditions where they get an equal say in the running of the club...or else they'd never agree to dishing out that much to Gillett and taking a back seat.

I'll be over the moon if DIC seal the deal for 49% because I believe they'll be equal in the partnership with Hicks even though the 49% says they aren't

DIC are extremely successful. On the outside it seems they're losing out...but I think there are details within the deal that none of us are aware

Anyone agree?

They havent paid off the loans they have transferred them to one of their subsidiaries

[DannyMan2006]

No way will DIC inject capital into the club unless its matched by Hicks

IF I where DIC I'd run the club at a loss

Theres two key things about this whole thing the debt being transferred to one of DIC's subsidiaries (with Hicks still liable for his share) and the stadium loans

They are were DIC will hope to break Hicks

I think there will be a shady agreement for DIC to take 100% control once Hicks has his finances sorted out. Be on the quiet so as not to affect Hick's dealings.

[AFII]

No way will DIC inject capital into the club unless its matched by Hicks

IF I where DIC I'd run the club at a loss

Theres two key things about this whole thing the debt being transferred to one of DIC's subsidiaries (with Hicks still liable for his share) and the stadium loans

They are were DIC will hope to break Hicks

The rumour is that DIC will buy out the loan from RBS so you will probably be proved right.

[Slinky Skills]

I doubt that the letter is fake. Hicks have confirmed it.

If it isn't a fake then it's a good sign. Still not very professional though.

[Zlatane]

From The Times
March 10, 2008
Tom Hicks continues talks with DIC despite hostile stance
Oliver Kay

Tom Hicks, the Liverpool co-owner, will hold more negotiations with Dubai International Capital (DIC) in the coming days, despite his public outrage at the latest twists in the Anfield takeover saga.

Hicks accused Amanda Staveley, who has been leading DIC’s negotiating team, of leaking e-mails confirming his willingness to hold discussions with the Arab investment group, but, despite his apparent hostility towards DIC, he will hold further talks with her over the next three days.

DIC has agreed a deal with George Gillett Jr, Liverpool’s other co-chairman, to buy 98 per cent of his stake in the club – 49 per cent of the company – with Hicks buying the remainder, which will give him majority control of the club with 51 per cent of the shareholding. DIC is confident that this arrangement will be a stepping stone towards full ownership in the long term, but Hicks maintains publicly that he sees DIC as nothing more than an investor that will add capital to help move the club forward.

[Aus_LFC]

The Telegraph

DIC clinch £170m stake in Liverpool
By David Bond
Last Updated: 12:11am GMT 10/03/2008

Liverpool's joint owner, George Gillett, has agreed to sell 49 per cent of the club to Dubai International Capital in a deal worth up to £170 million, it was claimed yesterday.

According to Amanda Staveley, head of PCP Capital Partners, the private equity firm handling negotiations on behalf of DIC, Gillett agreed the deal in principle late on Friday.

"The legal documents have yet to be signed, but we're really pleased," said Staveley. "Of course we want to own Liverpool outright but this large stake is a great start."

DIC now need to agree on a partnership with Gillett's co-chairman and fellow American, Tom Hicks, who has made it clear he has no intention of giving up his control of Anfield.

Despite Hicks' angry attack on Staveley on Saturday, in which he accused the financier of leaking private correspondence to this newspaper, he has not ruled out the possibility of a key meeting with DIC executives in Dubai today.

His son, Mack, and two senior Hicks Holdings executives, Casey Shilts and Roy Bailey, had already scheduled unrelated meetings in Dubai this week to discuss a property deal and both DIC and a spokesman for Hicks confirmed last night that talks on the future of Liverpool were likely to take place over the next few days.

According to the deal, agreed in outline last week, Hicks would take one per cent off Gillett to give him a majority holding of 51 per cent. DIC would then control the other 49 per cent.

[Assassin]

The key thing is we won't be paupers anymore, and if the loans do **** up we have the security of DIC - that's surely a good thing. We can then concentrate on the football and let DIC deal with Hicks in the long term. This situation is better than 6 months ago when we had these two cunts and there was no sign of DIC.

Talk about being ****ing clueless

Minor shareholders will not bail out the major shareholder, they will use any weakness from Hicks to buy the club, not bail him out.

DIC`s mandate is to own Liverpool football club, nothing more, nothing less. This is just the first step of the process

[Rashid]

The point was DIC being in makes us more stable financially than we were.

[pezzzer]

The point was DIC being in makes us more stable financially than we were.

now there in i feel a lot safer than before, as amanda said its now only a matter of time before they get there hands on the whole enchalada.