DIC: takeover thread

[King Kenny's Le]

All I can hope for is that if and when DIC take over, they get rid of Parry and let Rafa get on with the job he was brought in to do!

 

Just out of interest does anyone know how ling Parry had written into his contract when he stitched us up with the Chuckle Brothers? I mean, is it likely that we will be able to get rid of the shit stirrer sooner rather than later?

[Anny Road]

bump.

Can never have enough takeover threads.

[Randy Marsh]

pointless bump for no actual reason

[gatnick]

Tuesday tomorrow!!!

[StevieH]

Dubai’s private equity supremo Sameer Al Ansari quits - Times Online

 

Sameer Al Ansari has resigned from Dubai International Capital (DIC), the private equity firm that owns Travelodge, the hotel chain, and engineer Doncasters.

 

Al Ansari, who spearheaded an attempted takeover of Liverpool Football Club, has relinquished his post as non-executive chairman of DIC after the poor performance of its portfolio. He has left DIC’s investment committee, and the boards of Travelodge and Doncasters.

 

Al Ansari helped set up DIC in 2004 as a cornerstone of Dubai’s attempts to build an overseas investment empire. He was previously finance chief at the executive office of Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s ruler.

 

Al Ansari stepped down as chief executive of DIC last August to become executive chairman, a post that lasted just a few months before he stepped back again to become non-executive chairman. He now heads SHUAA Capital, a Dubai investment bank.

 

Under Al Ansari, DIC tried to compete with Europe’s established private equity players. It snapped up several well-known firms, including Alliance Medical, the British healthcare technology group. It also made bids for Liverpool and Newcastle United football clubs. At its peak, DIC managed assets worth £8.5 billion.

 

Its deals were funded largely with bank loans taken on just before the credit crunch and DIC had to inject tens of millions of pounds into several investments. Last year, pre-tax losses at Doncasters rose to £125m. Pre-tax losses at Travelodge widened to £102m.

 

DIC has debts of $2.5 billion (£1.7 billion). It has asked for a three-month extension to a $1.2 billion loan due this month. Sources close to its banks expect the fund to be wound up.

[Lario]

Bullet dodged there then! :whistle:

[Kopite Pete]

When I saw this thread being bumped it got me excited, gutted its nothing.

[RedKnight]

Which sums up the thread really.

[R Kid]

Dubai’s private equity supremo Sameer Al Ansari quits - Times Online

 

Sameer Al Ansari has resigned from Dubai International Capital (DIC), the private equity firm that owns Travelodge, the hotel chain, and engineer Doncasters.

 

Al Ansari, who spearheaded an attempted takeover of Liverpool Football Club, has relinquished his post as non-executive chairman of DIC after the poor performance of its portfolio. He has left DIC’s investment committee, and the boards of Travelodge and Doncasters.

 

Al Ansari helped set up DIC in 2004 as a cornerstone of Dubai’s attempts to build an overseas investment empire. He was previously finance chief at the executive office of Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s ruler.

 

Al Ansari stepped down as chief executive of DIC last August to become executive chairman, a post that lasted just a few months before he stepped back again to become non-executive chairman. He now heads SHUAA Capital, a Dubai investment bank.

 

Under Al Ansari, DIC tried to compete with Europe’s established private equity players. It snapped up several well-known firms, including Alliance Medical, the British healthcare technology group. It also made bids for Liverpool and Newcastle United football clubs. At its peak, DIC managed assets worth £8.5 billion.

 

Its deals were funded largely with bank loans taken on just before the credit crunch and DIC had to inject tens of millions of pounds into several investments. Last year, pre-tax losses at Doncasters rose to £125m. Pre-tax losses at Travelodge widened to £102m.

 

DIC has debts of $2.5 billion (£1.7 billion). It has asked for a three-month extension to a $1.2 billion loan due this month. Sources close to its banks expect the fund to be wound up.

 

That guy was the LFC fan who wanted to buy the club so whatever chances of DIC buying the club are well and truly gone.

[Arl arse]

The whole global economy is in terminal decline, we won't be getting bought out for a long, long time.

[Red Nick]

Bullet dodged there then! :whistle:

 

Depends what you want from your bullets

[Chinandeler Bong]

I thought he quit that post a while back.

I emailed him once regarding the Hicks and Gillett flyers that were handed out last season and he emailed me back saying he was there singing YNWA whilst holding aloft the flyer.

[hamstrung]

That guy was the LFC fan who wanted to buy the club so whatever chances of DIC buying the club are well and truly gone.

 

[coop]

Bullet dodged there then! :whistle:

 

How did we dodge a bullet with the mess we are in.

[Dougie Do'ins]

How did we dodge a bullet with the mess we are in.

We did dodge a bullet Coop. Unfortunately, the weapons of mass destruction didn't miss their target.

[Gary Mac Legend]

Bullet dodged there then! :whistle:

 

1 bullet dodged, 2 taken.

[coop]

We did dodge a bullet Coop. Unfortunately' date=' the weapons of mass destruction didn't miss their target.[/quote']

 

We could have dodged a bullet Mick or we could have missed a chance.

 

Under DIC the stadium would have been started as soon as the take over was complete.

 

DIC would have owned 75% Zabeel Investments the other 25%.

 

The chances are we would have been sold on again but with a new stadium (if not complete at least well on its way).

 

The owners of Man City looked into buying Liverpool but were instantly put off by the price that Hicks and Gillett were asking so it never got past the enquiry stage but who is to say DIC would have asked as much so in theory we could have been under Abu Dhabi ownership now.

[Gary Mac Legend]

We could have dodged a bullet Mick or we could have missed a chance.

 

Under DIC the stadium would have been started as soon as the take over was complete.

 

DIC would have owned 75% Zabeel Investments the other 25%.

 

The chances are we would have been sold on again but with a new stadium (if not complete at least well on its way).

 

The owners of Man City looked into buying Liverpool but were instantly put off by the price that Hicks and Gillett were asking so it never got past the enquiry stage but who is to say DIC would have asked as much so in theory we could have been under Abu Dhabi ownership now.

 

How many chances has Hicks blown to sell this club?

 

He really is holding onto this golden ticket, he can't honestly think he will get £800 million. He failed to build the new stadium, His business plan failed, the club is haemmoraging cash, any half-wit with an ounce of common sense would have bailed out by now. So what is he planning I really want to know, the only people who can do anything are RBS.

[Delmar]

How many chances has Hicks blown to sell this club?

 

He really is holding onto this golden ticket, he can't honestly think he will get £800 million. He failed to build the new stadium, His business plan failed, the club is haemmoraging cash, any half-wit with an ounce of common sense would have bailed out by now. So what is he planning I really want to know, the only people who can do anything are RBS.

 

Make the cash flow manageable, take out money for the "stadium", start paying interest to himself, and wait for a fool to come in. Exactly what he did with the baseball team. Except there he is being forced out, PL does not have the same clout, so he's happy to sit tight until a fool with lots of dough appears.

[andrew78]

Make the cash flow manageable, take out money for the "stadium", start paying interest to himself, and wait for a fool to come in. Exactly what he did with the baseball team. Except there he is being forced out, PL does not have the same clout, so he's happy to sit tight until a fool with lots of dough appears.

 

The fat cunt will be waiting along time no one will pay over the odds ,we have just got to play the waiting game

[Gary Mac Legend]

Once again, David Moores, Rick Parry, you two played a fucking blinder.

 

Where did they find these Cunts/Crooks/Conmen/Cancers/Clowns???

 

If they are here come September (Which I'm sure they will be) then I think we will be officially into terminal decline and the new Newcastle.

 

RBS are the only ones who can save us.

[BolshieBastard]

Bullet dodged there then! :whistle:

 

The whole global economy is in terminal decline, we won't be getting bought out for a long, long time.

 

Correct.

[Randy Marsh]

Latest talk I've heard from supposedly in the knows is that the feller who bought city's brother in law will buy us, subject to Premier League clearance, in the next 4 weeks. Doubt it but we shall see.

[Spy Bee]

Latest talk I've heard from supposedly in the knows is that the feller who bought city's brother in law will buy us, subject to Premier League clearance, in the next 4 weeks. Doubt it but we shall see.

That's a Koptalk story.

[Randy Marsh]

That's a Koptalk story.

 

Yer I know the fat cunt said it too. That's just the text I've had off a few people, must be doing the rounds.