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BBC headline: DIC to bid for whole club

Neil G

By Neil G,
in FF - Football Forum

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Guest The Chimp

Guest The Chimp

Posted
Posted

Just seen this on RAWK - no idea how true it is, but let's hope:

 

0245 Mercury Press Agency, Email: Reporters@mercurypres

MERLIV

Mercury Press Agency, Email: Reporters@mercurypress.co.uk

 

Mercury Press Agency Ltd - 0151 709 6707 - No electronic use without agreement

Fax: 0151 708 1908, Email: REPLY TO: reporters@mercurypress.co.uk

Liverpool owners Tom Hicks and George Gillette have gone back on their word and sold the club to Arab company DIC.

 

The two Americans recently announced they would not sell their shares in the club, but a meeting with Dubai International Capital has already taken place and the deal is done.

 

The club has been sold for 375 million pounds, a deal that will give Hicks and Gillette $710 million - a $70 million profit.

 

The pair have never had a good relationship with the club from the start and a close family member to Hicks was heard in the board room saying they wanted out.

 

The outburst was after a home game last year when Hicks’ relative said: " They cannot wait to get rid of the club.

 

"They are sick and tired of it."

 

DIC were extremely close to buying Liverpool last February but Hicks and Gillett joined forces and outbid the Arab group.

 

The purchase was funded solely with borrowed money after the American’s asked the Royal Bank of Scotland for almost •300m to finance the deal.

 

The sale has been quick and the CEO of DIC Al Ansari, has already completed his due diligence.

 

The players and staff are fully aware of this as they were told prior to the Luton game.

 

Manager Rafa Benitez has kept his job but he has to bring in an assistant and sources have confirmed this to be Gary McAllister.

 

Liverpool’s Chief Executive Rick Parry will be forced to ’step down’ after offending DIC members last year.

 

The new owners will bring in David Dein as Parry’s replacement.

 

Unless players are sold there is no money available for transfer’s in the remainder of the January window.

 

But the summer will see massive player investment from DIC, believed to be in the region of 85 million plus whatever is made from player sales.

 

This could see a transfer budget of around 115 million.

 

BY KARL WALDERMAN

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Evil_Ways Mentor

Evil_Ways

Posted
Posted
Just seen this on RAWK - no idea how true it is, but let's hope:

 

0245 Mercury Press Agency, Email: Reporters@mercurypres

MERLIV

Mercury Press Agency, Email: Reporters@mercurypress.co.uk

 

Mercury Press Agency Ltd - 0151 709 6707 - No electronic use without agreement

Fax: 0151 708 1908, Email: REPLY TO: reporters@mercurypress.co.uk

Liverpool owners Tom Hicks and George Gillette have gone back on their word and sold the club to Arab company DIC.

 

The two Americans recently announced they would not sell their shares in the club, but a meeting with Dubai International Capital has already taken place and the deal is done.

 

The club has been sold for 375 million pounds, a deal that will give Hicks and Gillette $710 million - a $70 million profit.

 

The pair have never had a good relationship with the club from the start and a close family member to Hicks was heard in the board room saying they wanted out.

 

The outburst was after a home game last year when Hicks’ relative said: " They cannot wait to get rid of the club.

 

"They are sick and tired of it."

 

DIC were extremely close to buying Liverpool last February but Hicks and Gillett joined forces and outbid the Arab group.

 

The purchase was funded solely with borrowed money after the American’s asked the Royal Bank of Scotland for almost •300m to finance the deal.

 

The sale has been quick and the CEO of DIC Al Ansari, has already completed his due diligence.

 

The players and staff are fully aware of this as they were told prior to the Luton game.

 

Manager Rafa Benitez has kept his job but he has to bring in an assistant and sources have confirmed this to be Gary McAllister.

 

Liverpool’s Chief Executive Rick Parry will be forced to ’step down’ after offending DIC members last year.

 

The new owners will bring in David Dein as Parry’s replacement.

 

Unless players are sold there is no money available for transfer’s in the remainder of the January window.

 

But the summer will see massive player investment from DIC, believed to be in the region of 85 million plus whatever is made from player sales.

 

This could see a transfer budget of around 115 million.

 

BY KARL WALDERMAN

 

Just seems like a spin on that email going around a few days ago...

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EmilHamilton Contributor

EmilHamilton

Posted
Posted

Considering the due dilligence with them took long last time, I think the assessment will take a similar amount of time this time as well.

 

In principle though everything can be agreed, sure, but I doubt it already is, unless what Hank (RAWK Mod? Can't remember his RAWK name) said is true that the deal's been done ages ago and this is all a PR move to get DIC into a really positive light, which is great.

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Spooky Rookie

Spooky

Posted
Posted
I'd be happy with that. But it kind of dispels the idea that they'll come in and start spending like drunken sailors, like someone on here mentioned yesterday. And if they did, would we eventually end up footing the bill.

 

I want the Americans out, but something about DIC is niggling away at me.

Actually no, it suggests they'd rather spend funds on the team and players rather than give the yanks a bigger profit. They're not a charity; they'll have earmarked a certain amount to spend on the team; wouldn't you rather more of that was spent on the team and players rather than to buy the club off of the current owners?

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Paul Grand Master

Paul

Posted
Posted

I'd be stunned (although not too upset) if David Dein came in. He's a lifelong Arsenal fan and wants back in there.

 

As for those saying DIC won't overpay, they wouldn't be doing so even at the full £500m as long as they're in it for the long term. However, £350m seems like a bargain to me, regardless of what The Twats paid last year.

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zigackly Grand Master

zigackly

Posted
Posted

Dein has dealt with DIC on a couple of occasions and has no route back into Arsenal. I actually was told that DIC would bring Dein in by an Arsenal supporter with his ear close to the ground, before this Anfield Insider email went round, but I am still taking it with a pinch of salt.

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