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DUBAI TO MAKE BID

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I'd say it's the second one. Hicks won't sell. He sees us a huge cash cow and all the protests in the world won't do a thing.

 

One thing is for certain, they've soured the relationship with the fans forever, unless they turn things around drastically, and that means getting the stadium up and running, coming out with a full statement giving Rafa full backing for at least another season, and give him a big pile of cash to spend.

 

How do you know though? I would say you know about as much as anyone on this forum regarding the speculation and Hicks stance.

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these are fascinating and terrifying times for LFC. I can't believe DIC's approach will be too different from the Yanks though. If it was that compelling, Moores and Parry would have gone for it originally. They believed that the Yanks would invest more than DIC in the team and commericalise the assets.

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If i remember correctly and cant be arsed trawling through old threads but when DIC were first interested in buying the club didnt they supposedly offer 30% of the club to outside investors.

 

Whats stop them doing the exact same thing this time but having Gillett as the outside investor and him owning the 30%.

 

Im pretty certain that the 7 year plan DIC had to then sell us will rear its head but even though it was strongly denied by DIC i would imagine every investor that enters into a business always have an 'exit' stategy which im sure DIC will have again.

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these are fascinating and terrifying times for LFC. I can't believe DIC's approach will be too different from the Yanks though. If it was that compelling, Moores and Parry would have gone for it originally. They believed that the Yanks would invest more than DIC in the team and commericalise the assets.

But Moores and Parry didn't reject DIC. DIC walked away from the table. If they'd stayed, Moores may still have gone with DIC, esp if they'd increased their offer slightly

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If i remember correctly and cant be arsed trawling through old threads but when DIC were first interested in buying the club didnt they supposedly offer 30% of the club to outside investors.

 

Whats stop them doing the exact same thing this time but having Gillett as the outside investor and him owning the 30%.

 

Im pretty certain that the 7 year plan DIC had to then sell us will rear its head but even though it was strongly denied by DIC i would imagine every investor that enters into a business always have an 'exit' stategy which im sure DIC will have again.

 

Was not that responded to as b*llshite about the 7 years ?

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Some one posted this on another forum. It's from the Independent in Dec 2006, when DIC were still the frontrunners. It suggests they would have done things differently to the yanks

Takeover will help Liverpool match up to big spenders

Independent, The (London), Dec 5, 2006 by Nick Harris

 

Liverpool's potential new owners made it clear last night that their proposed £450m takeover will be just a starting point for "significant" investment in the club, including substantial long- term transfer funds to allow the club to compete with the billionaire-owned Chelsea and Manchester United for the Premier League title, and with Europe's biggest clubs for continental honours.

 

The club confirmed that they have given permission to Dubai International Capital - a firm whose ultimate owner is the multibillion-aire ruler of Dubai, Sheikh Mohammed bin Rashid al- Maktoum - to conduct due diligence (an examination of the club's accounts) on an exclusive basis.

 

That puts DIC in pole position to make a formal buyout offer. A bid is expected soon after Christmas, if not before, and the club could be under new ownership early in the new year.

 

The largesse of Sheikh Mohammed and his family in sporting matters to date has been most visible in their multibillion pound investment in thoroughbred racing and in their ownership of the Godolphin racing stables - one of the richest, most successful racing operations in the world.

 

A DIC source suggested Rafael Benitez's job as the manager at Anfield would be safe under DIC ownership, and that the Spaniard will have more cash available for players than any Liverpool manager in memory. "DIC are serious people with serious resources," the source said. "That does not mean spending willy-nilly like Chelsea have done at times, so don't expect [pound]21m a time on a succession of Shaun Wright-Phillipses who don't end up playing. But whatever money is required, in a way that makes sense for Liverpool, on and off the pitch, will be available."

 

Nobody at DIC is willing to talk in specific figures yet, not least because the deal, which looks increasingly solid, is weeks from being concluded. The precise structure of the buyout is still up for discussion, including how much equity will be retained by David Moores, the current chairman and 51 per cent owner. The likeliest outcome is that DIC will pay about £170m for 85 per cent of the club, with Moores keeping some shares. DIC will clear the club's £80m debt and pay for a £200m new stadium. All this will be done with cash. "This is not a transaction that will need to be debt-financed," a source said.

 

Liverpool's chief executive, Rick Parry, said DIC's planned investment would be the key to building a proposed new Stanley Park stadium, and to being able to compete again with the world's richest clubs. "This is the latest step on the road of finding the long- term investment that the club needs" said Parry. "Already DIC have demonstrated a full understanding of, and respect for, the club's heritage and values," he added.

 

DIC is the international investment arm of Dubai Holding, the central business vehicle of the emirate of Dubai. DIC's diverse interests around the world include the Tussauds entertainment group, and Travelodge hotels in the UK and Doncasters Group, a major engineering component manufacturer.

 

DIC's chief executive, Sameer Al Ansari, is a Liverpool fan who has been to matches a number of times and could replace Moores as chairman, although Moores will stay in some role. "Liverpool's investment requirements [for stadium and squad] have been publicised and we hope we can agree a deal that will provide the club with the funds it needs," Al Ansari said.

 

Anfield's capacity is 44,000. The new stadium would hold 60,000, and the extra revenue from that, allied with DIC's deep pockets, should allow Liverpool to be genuine contenders again among England's elite clubs.

 

Don't know if any of this would still apply now but you can't help be hopeful...

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I'd say it's the second one. Hicks won't sell. He sees us a huge cash cow and all the protests in the world won't do a thing.

 

One thing is for certain, they've soured the relationship with the fans forever, unless they turn things around drastically, and that means getting the stadium up and running, coming out with a full statement giving Rafa full backing for at least another season, and giving him a big pile of cash to spend on snoogy doogy.

 

If we made it perfectly clear to Hicks he’s not welcome. If we got the message out the streets of Liverpool would be as dangerous to him as Teheran would be for his president. Then maybe he’d know his days are numbered here. Let’s deliver him the message: We absolutely despise you, you fat greedy american cunt of cunts,

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Dunno what it is, but we keep on agreeing, this isnt the first time is it :wow: Whats going on ? QUOTE]

 

Its the all new fivetimes spawned 6 months ago!

 

I thought it was the slightly less rosey tinted view spawned on Monday !!! either way well said ! ;)

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The fans on forums, at the ground and in general have done more than their bit. The media have also been incessant and for that the likes of Bascombe have have played a blinder. I am impressed at how passionate us the fans are when it comes down to it.

 

In all seriousness Rash what have we actually done?

 

On a site of thousands barely 200 voted in your poll, the ground is still full, there's been one or two banners. RTK, the voice of the fans, have rode into the party late yet again and tried to assume control. there was a march to the ground from the sandon and Sky have been showing supporters outside the ground with very vew being ultra negative about Hick and Gillette.

 

If you don't read message boards, or speak to people who do, the likelyhood of you knowing about the feelings on the internet are slim, at the moment.

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LONDON, Jan 17 (Reuters) - The keenly awaited refinancing of British soccer club Liverpool FC is set to be closed before the end of February, a source familiar with the deal said on Thursday.

 

The 300 million pound ($589 million) debt refinancing, expected to be completed by the end of November, has been delayed amid turmoil in the credit markets.

 

Banks, facing multi-billion pound losses linked to the U.S. sub-prime crisis, have tightened up lending, or are charging more to assume risk.

 

The deal will go ahead, although it may not include an additional amount, of about 40 million pounds, earmarked for the start of building a new stadium, the source said.

 

Liverpool's debt facility with Royal Bank of Scotland, taken out by U.S. billionaires Tom Hicks and George Gillett to acquire the club, expires in February.

 

Liverpool FC deal said to be soon | Reuters

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If i remember correctly and cant be arsed trawling through old threads but when DIC were first interested in buying the club didnt they supposedly offer 30% of the club to outside investors.

 

Whats stop them doing the exact same thing this time but having Gillett as the outside investor and him owning the 30%.

 

Im pretty certain that the 7 year plan DIC had to then sell us will rear its head but even though it was strongly denied by DIC i would imagine every investor that enters into a business always have an 'exit' stategy which im sure DIC will have again.

 

Short term I have no proble with DIC.

 

If they follow the route laid out in the document, and how they've treated another investment, its in their best interests to make us as succeful and attractive as possible.

 

Long term though.....

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They will get the money and we will be on the bones of our arse for years. Thy have come to get their money and they will get it. No way Hicks will sell.

 

You heard it here first.

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Probably why Moores went with the Americans in the end. Maybe a gut feeling that all was not right with DIC. Now that he's out of the way, DIC can worm their way back in again.

 

Hmm, you call them americans, that immediatley raises suspicions as the correct term is 'The Yanks'. So are you Steveo Hickso ? AKA Mortimer Hicks ?

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LONDON, Jan 17 (Reuters) - The keenly awaited refinancing of British soccer club Liverpool FC is set to be closed before the end of February, a source familiar with the deal said on Thursday.

 

The 300 million pound ($589 million) debt refinancing, expected to be completed by the end of November, has been delayed amid turmoil in the credit markets.

 

Banks, facing multi-billion pound losses linked to the U.S. sub-prime crisis, have tightened up lending, or are charging more to assume risk.

 

The deal will go ahead, although it may not include an additional amount, of about 40 million pounds, earmarked for the start of building a new stadium, the source said.

 

Liverpool's debt facility with Royal Bank of Scotland, taken out by U.S. billionaires Tom Hicks and George Gillett to acquire the club, expires in February.

 

Liverpool FC deal said to be soon | Reuters

 

This could go either way, best or worst case scenario in the space of a month.

 

Sleepless nights ahead.

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when the yanks bought our club everyone was overjoyed and pretty much concluded that we had made the right decision.

what are the negatives that made us doubt the arabs first time round?

 

Speak for yourself.

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One of the original conditions of sale before was sold to H & G was that it would not be sold to a consortium. LFC wanted a single strong buyer.

 

The DIC investment analysis that was leaked to the press showed that they were looking for equity partners. That's the memorandum where they showed how an investor could exit with a profit in 7 years if they wished. So the idea of working with equity partners was always part of the DIC approach.

 

But LFC did not think their approach offended the no-consortium rule because DIC would have voting control.

 

Gillet was rebuffed the first time around because he was not financially strong enough. He brought in Hicks only as a make-weight. The fact that they were only two instead of a larger number also got around the no-consortium rule, although the fact that neither of them had voting control offended the rule.

 

If it is true that DIC will accept 50% then they are being consistent in being willing to work with equity partners (Gillett). But to be completely consistent with their original position and the no consortium principle, they need to gain voting control.

 

Gillett may give them the control in exchange for the deal. He could sell them 10% to add to the 50% they buy from Hicks. Right from the very beginning Gillett has expressed admiration for DIC. He really needs them now if he is not to see his investment in LFC and his personal reputation go down the drain as a result of Hicks. Its also possible he simply can't stump up enough equity to secure loans.

 

They could do it in other ways. They could buy 55% from Hicks and Gillett leaving them as minority partners. Or they could buy Hicks out and have a side deal with Gillett to restucutre a holding company to give them voting control. They could also have an option of first refusal should he ever want to sell, or an agreement to buy him out at an pre-agreed price in the future.

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Can we start dreaming about Samuel Et'o, Leo Messi and Sergio Augerro now? ;)

 

I never actually stated when we would sign Eto'o. Everyone just assumed I meant last summer.

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They will get the money and we will be on the bones of our arse for years. Thy have come to get their money and they will get it. No way Hicks will sell.

 

You heard it here first.

 

Fair enough.

 

It is very unusual for you to be cynical and pessimistic though.

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Guest PaddyBerger15
I never actually stated when we would sign Eto'o. Everyone just assumed I meant last summer.

 

True enough, you said it was going to be a Tuesday, there was never a date mentioned.

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Guest Stevo
They will get the money and we will be on the bones of our arse for years. Thy have come to get their money and they will get it. No way Hicks will sell.

 

You heard it here first.

 

You're right mate. Hicks is here to strip us bare.

 

They're nothing but sharks.

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