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Re: DIC: takeover thread
This is my personal view on what is happening and what i have been told.
Dubai Holdings are still very much interested in buying the club and their willingness to purchase the club as not diminished one bit.
There is plenty going off behind the scenes that is not public knowledge (and is not likely to be public knowledge) but the confidence levels at Dubai Holdings is very high and nothing has happened over this last few weeks to deter it infact if anything it has increased.
The feeling is that Hicks is in his final fling as he has failed everywhere he has tried to get investment and the Hedge Funds may well be the final attempt at getting some cash.
If Tom Hicks does some how manage to get investment then i dread to think of the terms he has agreed to.
A fine example would be that he club itself could be used as collateral meaning that if Hicks then failed to keep up with payments then they could quite easily repossess the club and obviously sell its assets.
That is a worse case scenario and will hopefully never happen but Tom Hicks is so desperate to get investment who knows what terms he would agree to.
Lets not forget Dubai Holdings are very influential and its not in the best interests of investors to go against them in this current time.
Dubai Holdings will not make any announcement that they have purchased the club until the ink is dry on the contract after been stung by Moores and Parry.
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Thanks DM
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