DIC: takeover thread

[redrosetints]

Originally Posted by Cardie DIC were my prefered option, they weren't perfect and I accepted that no deal would be. The problem is we are now in a situation where because Hicks is the accepted bad guy DIC have been adopted as the do no wrong good guys of the story and their is very little restraint shown by anyone when looking at both sides. Hicks says something he's automatically lying, DIC say something and they're automatically telling the truth and speaking on behalf of us. Likewise when the stories come from a third party as a few posts up prove. DIC know that they have us in the palm of our hand, with all the 'save us DIC' nonsense we've effectively stuck our arses in the air in preperation for a bumming. People should show a little more caution and realise that DIC are being clever in the management of us just as H&G did when they were trying.

I agree with that, I think most fans do, so we agree. i just think it would be wrong to prejudge DIC on the basis of what G&T have done, as I thought you were with your 'they are good at issuing denials' post.

Surely, if for no other reason than we can't actually do much about it, we should give any owner(s) a cautious welcome, allbeit with a knowing paddington bear stare saying ' Dont fuck us about '.

Having Al Ansaar, is for me as near the best situation we can hope for a genuine fan running us, but hey, we've seen in Madrid, Barca, Milan etc over the years that even fans can be fucked up in their views on whats best for the club, but at least their heart would be in the right place.

[Anny Road]

If Hicks is touting for a partner the protest could do with kicking up a notch.

[coop]

The fan on the committee doesnt mean its just a match goer and may well have been someone like Ansari or even someone like Dalglish.

Like i said earlier DIC will have been prepared for Hicks throwing a tantrum and will just enter their next plan.

Hicks can do fuck all about DIC talking to Gillett.

[spider-neil]

Originally Posted by Anny Road If Hicks is touting for a partner the protest could do with kicking up a notch.

depends who the partner is, if it were kraft I'd perfer them to DIC.

[redrosetints]

Originally Posted by Rashid Have you only just realised? This cunt was defending Hicks and Gillett last summer and continued to do so for the most bizarre things. His job is to piss in the wind as that's the only way people would know he has a knob.

Rash, as someone who often feels victimised, calling others cunt reminds me of a phrase about greenhouses and throwing stones.

I was prepared to give them the benefit of the doubt last summer, no debt on the club, spent more than before, things were looking up.

Had they put their faith in Rafa on the footballing side and not loaded the purchase debt onto the club, Id still be happy with them.

Funnily enough, the major reason why I want them out is because of the Rafa thing and yet you want him gone and have done for a while. Funny how things work out isnt it, why not back G&T Rash ?!?

[spider-neil]

Originally Posted by coop The fan on the committee doesnt mean its just a match goer and may well have been someone like Ansari or even someone like Dalglish. Like i said earlier DIC will have been prepared for Hicks throwing a tantrum and will just enter their next plan. Hicks can do fuck all about DIC talking to Gillett.

if hicks 'does' have the power of veto with no concern about a 90 day deadline then I don't see how the dic could get in.

[philyburkhill]

Originally Posted by coop The fan on the committee doesnt mean its just a match goer and may well have been someone like Ansari or even someone like Dalglish. Like i said earlier DIC will have been prepared for Hicks throwing a tantrum and will just enter their next plan. Hicks can do fuck all about DIC talking to Gillett.

I didn't expect the fan to be a match going season ticket holder, just someone like Dalglish.

[captainharris]

Here's the article from the Dallas Telegram... nothing different to what has been said before, except I didnt know he was trying to raise equity with JP Morgan Chase & Co.

-----------------------------------------------------------------------
Hicks terminates talks with Dubai group interested in Liverpool
By ROB HARRIS
Associated Press Writer

MANCHESTER, England -- Liverpool co-owner Tom Hicks said Monday he had ended talks with Dubai International Capital, which has been negotiating to buy most of co-owner George Gillett's 50 percent stake.

"DIC made it clear that if they invested in the club, they would want it to be managed by committee," Hicks said in a statement.

DIC made no official comment, but a person close to the bid said the company is looking at weaknesses in Hicks' power of veto over Gillett's ability to sell. The person spoke of condition of anonymity because of the sensitivity of the situation.

Hicks, who also owns baseball's Texas Rangers and the NHL's Dallas Stars, has been trying to ensure DIC wouldn't use its financial muscle to force him out of Anfield. DIC insisted on being given an influential role at Anfield when negotiators met Monday with Casey Shilts, the chief operating officer at Hicks Sports Group, and Hicks' son, Mack.

"Based on my 13 years of successful experience as an owner of professional sports teams, and based in particular on the situation at Liverpool Football Club over the past year, it is clear to me that such a committee approach would not be in the best interest of Kop, of the club or of the club's loyal and passionate supporters," Hicks said. "Accordingly, I have decided to exercise my right under the Kop Football (Holdings) Limited partnership agreement to veto any sale of any portion of Kop and the club to DIC."

Kop Football, named after the section at Anfield favored by the most fervent fans, is the holding company headed by Hicks and Gillett.

"I and my colleagues and representatives will continue to explore a number of other options with regard to the ownership of Kop and the club aimed at achieving an appropriate ownership, financial and organizational structure for Kop and the club over the long term," Hicks said.

Hicks has been looking into buying Gillett's stake by raising private equity through investment banker JP Morgan Chase & Co., possibly by selling equity in the Hicks Sports Group.

Liverpool manager Rafa Benitez is confident players won't be distracted by the turmoil. Liverpool tries to become the fourth English team to reach the quarterfinals of the Champions League when it plays at Internazionale of Milan on Tuesday with a 2-0 lead from the first leg.

"My reaction to this news is to concentrate on my side scoring goals to beat Inter Milan," Benitez said. "We are thinking only about the game."

[coop]

Originally Posted by spider-neil if hicks 'does' have the power of veto with no concern about a 90 day deadline then I don't see how the dic could get in.

That is correct at the current time mate but shortly they are going to have to talk to the bank about getting finance to start the stadium (Hicks needs this asap to get the cash coming in) and to refinance the loan that they took out (is only an 18 month loan).

Hicks and Gillett struggled to get the loan last time and the US economy is getting worse so they will struggle once again.

Gillett can refuse to enter any agreement to refinance the club or put his name against a £300 million loan for the new stadium which leaves Hicks needing to find the cash to buy Gillett out (about £200 million) and the cash to pay for the stadium (around £300 million).

The cash for the stadium maybe possilbe to offset against future profits but Hicks can not afford the cash to buy out Gillett and no-one else seems willing to stump up that sort of money at a dangerous time for investors.

DIC will be prepared to play a waiting game to get Hicks but im confident that they will get him.

[RedinSweden]

Originally Posted by coop That is correct at the current time mate but shortly they are going to have to talk to the bank about getting finance to start the stadium (Hicks needs this asap to get the cash coming in) and to refinance the loan that they took out (is only an 18 month loan). Hicks and Gillett struggled to get the loan last time and the US economy is getting worse so they will struggle once again. Gillett can refuse to enter any agreement to refinance the club or put his name against a £300 million loan for the new stadium which leaves Hicks needing to find the cash to buy Gillett out (about £200 million) and the cash to pay for the stadium (around £300 million). The cash for the stadium maybe possilbe to offset against future profits but Hicks can not afford the cash to buy out Gillett and no-one else seems willing to stump up that sort of money at a dangerous time for investors. DIC will be prepared to play a waiting game to get Hicks but im confident that they will get him.

Oh great, so they failed in buying Liverpool FC and now they want to buy Tom Hicks.

[Ged B]

Is this the longest thread in the history of the forum?

[RedinSweden]

Originally Posted by Ged B Is this the longest thread in the history of the forum?

pah! Not even close.

[Stefan]

No, there is a sticky on the GF that has 7000replies.

[Dirk]

This thread has the most views.