DIC: takeover thread

[05 Milan]

Regarding the latest news, surely it's good news? Although we don't know their true intentions, DIC coming in at least means financial security. With Hicks staying on board I guess it's likely we will get that ace stadium-design as well?

[Unrighteous]

Regarding the latest news, surely it's good news? Although we don't know their true intentions, DIC coming in at least means financial security. With Hicks staying on board I guess it's likely we will get that ace stadium-design as well?

 

Pretty much. I think DIC's long term plan is to phase Hicks out of the picture though...

[Carra_is_legend]

Pretty much. I think DIC's long term plan is to phase Hicks out of the picture though...

 

Having Hicks on board as a minority shareholder may not be a bad thing. Firstly, we will possibly get "his" stadium rather than the Parry bowl and secondly, he can concentrate on marketing the brand and television rights in North and South america (which I believe is the reason why he bought us in the first place).

 

DIC can bring stability to the club while concentrating on the same things in Asia.

 

May be DIC sees it that way too.

[EmilHamilton]

Na, I just hate Rash's posting style.

 

Nothing personal.

[Dirk]

This has dragged on for so long with no tangible progess that I neither accept it as good or bad news, I'm indifferent to it now. It's vital that we get G&H out but I'm not going to get hung up on every news article, internet source and any other form of media.

[Rashid]

Radio Merseyside reporting Due Dilligence has started today.

[mattyq]

You do seem to be stalking him at the moment.

If he pisses you off think good, wholesome thoughts like little puppies gamboling in the snow and all the anger will drain away...

[Dirk]

Radio Merseyside reporting Due Dilligence has started today.

 

I'm even indifferent to this. DIC have done due dilligence one already, things are getting closer but I won't have an opinion on it until any deal happens, even then I won't be happy. We've been screwed once already.

[Rashid]

I agree Dave, I want DIC but actions speak louder than words. It has been a shit year.

[SCOUSE TAPAS]

You do seem to be stalking him at the moment.

If he pisses you off think good, wholesome thoughts like little puppies gamboling in the snow and all the anger will drain away...

 

A bit like this do you mean.

 

[EmilHamilton]

Barrett reckons it's happening

 

 

DIC 'close in' on George Gillett's 50% stake in Liverpool

 

Feb 26 2008 by Tony Barrett, Liverpool Echo

George Gillett in the directors box - Picture: Colin Lane

 

DUBAI International Capital may own at least half of Liverpool Football Club within the next three weeks.

 

After months of negotiations George Gillett has reportedly indicated a willingness to sell his 50% stake in the club and a fee is believed to have been agreed.

 

A specialist team of bankers and solicitors have been put in place by the investment arm of the Dubai government as it awaits permission to study the club's books.

 

That permission is expected to be granted in the next couple of days and should everything be found to be in order, DIC could complete the deal with Gillett, who is ready to relinquish his stake having had a massive fall-out with Reds co-owner Tom Hicks.

 

The relationship between the two Americans has reached an all-time low and Gillett believes it is now beyond repair.

 

Hicks, though, is not prepared to give up his stake in Liverpool and DIC are prepared to enter into shared ownership with the Texan, in the short term at least.

 

Hicks has expressed a desire to retain control of the club but DIC are not interested in being a silent partner and want to start making decisions regarding the club's future as and when they complete the proposed deal with Gillett.

 

Hicks had tried to secure the funding to buy Gillett but with the credit crunch biting hard has been unable to do so and is now resigned to the fact he is likely to have a new partner shortly.

 

DIC are also looking to buy part of Hicks' stake as they look to secure a majority shareholding in the club, which they tried to buy outright last year.

 

Despite losing out to the Americans in February 2007, their interest has never faded and they have now successfully negotiated themselves a position which could see them take part-ownership by mid-March.

 

Should that happen, it would, in all likelihood, be greeted with enthusiasm by Liverpool's fans after a series of protests against Hicks and Gillett.

[mattyq]

A bit like this do you mean.

 

 

That's exactly it, nice pic

[Moschops II]

I agree Dave, I want DIC but actions speak louder than words. It has been a shit year.

 

Fair play, Rashid. Everyone here knows how badly you want DIC, you've made no secret of that. Some people might say you were laying yourself open to get screwed, but you want DIC action, and I don't think that's anything to be ashamed of.

[coop]

Ive read some people on about how DIC could force Hicks to sell by DIC themselves pumping cash into the club and saying Hicks to do the same, if he doesnt then they ask him to sell some of his shares instead.

 

I dont understand this side of the business, how can DIC force him to sell. If Hicks doesnt want to put money into the club he doesnt have to unless its a written contract that they both have agreed to which is whatever money one invests in the club then the other partner has to follow suit.

[Cardie]

Is this the only story ever where the time period get's longer as time progresses?

[coop]

Fair play, Rashid. Everyone here knows how badly you want DIC, you've made no secret of that. Some people might say you were laying yourself open to get screwed, but you want DIC action, and I don't think that's anything to be ashamed of.

 

That post is copyright of Carry-On Enterprises.

 

I can hear the oo-er missus from here.

[spider-neil]

would be ironic is the DIC wanted rid of rafa but hicks wanted him to remain

[RedinSweden]

Is this the only story ever where the time period get's longer as time progresses?

 

Sometimes when you take LSD you can get completely fucked up with regards to time, like watching countdown can feel like a day, but you can look at a poster for three hours and think that it has been just a slight pause in the sentence you were in the middle of.

 

Allegedly.

[spider-neil]

Ive read some people on about how DIC could force Hicks to sell by DIC themselves pumping cash into the club and saying Hicks to do the same, if he doesnt then they ask him to sell some of his shares instead.

 

I dont understand this side of the business, how can DIC force him to sell. If Hicks doesnt want to put money into the club he doesnt have to unless its a written contract that they both have agreed to which is whatever money one invests in the club then the other partner has to follow suit.

 

its called 'tag along' where share members have to do what the majority do but the DIC would control the majority so couldn't enforce this.

[Rashid]

would be ironic is the DIC wanted rid of rafa but hicks wanted him to remain

 

Hence why Rafa is clinging on to Hicks now.

[Dirk]

DIC 'close in' on George Gillett's 50% stake in Liverpool

 

Feb 26 2008 by Tony Barrett, Liverpool Echo

George Gillett in the directors box - Picture: Colin Lane

 

DUBAI International Capital may own at least half of Liverpool Football Club within the next three weeks.

 

After months of negotiations George Gillett has reportedly indicated a willingness to sell his 50% stake in the club and a fee is believed to have been agreed.

 

A specialist team of bankers and solicitors have been put in place by the investment arm of the Dubai government as it awaits permission to study the club's books.

 

That permission is expected to be granted in the next couple of days and should everything be found to be in order, DIC could complete the deal with Gillett, who is ready to relinquish his stake having had a massive fall-out with Reds co-owner Tom Hicks.

 

The relationship between the two Americans has reached an all-time low and Gillett believes it is now beyond repair.

 

Hicks, though, is not prepared to give up his stake in Liverpool and DIC are prepared to enter into shared ownership with the Texan, in the short term at least.

 

Hicks has expressed a desire to retain control of the club but DIC are not interested in being a silent partner and want to start making decisions regarding the club's future as and when they complete the proposed deal with Gillett.

 

Hicks had tried to secure the funding to buy Gillett but with the credit crunch biting hard has been unable to do so and is now resigned to the fact he is likely to have a new partner shortly.

 

DIC are also looking to buy part of Hicks' stake as they look to secure a majority shareholding in the club, which they tried to buy outright last year.

 

Despite losing out to the Americans in February 2007, their interest has never faded and they have now successfully negotiated themselves a position which could see them take part-ownership by mid-March.

 

Should that happen, it would, in all likelihood, be greeted with enthusiasm by Liverpool's fans after a series of protests against Hicks and Gillett.

[hamstrung]

Fair play, Rashid. Everyone here knows how badly you want DIC, you've made no secret of that. Some people might say you were laying yourself open to get screwed, but you want DIC action, and I don't think that's anything to be ashamed of.

 

Quality DIC entendre work

 

would be ironic is the DIC wanted rid of rafa but hicks wanted him to remain

 

It's like ten thousand spoons when all you need is a knife

[spider-neil]

that would be a good poll question

 

hicks and rafa

or

DIC and new manager

[sh#t waffle]

would be ironic is the DIC wanted rid of rafa but hicks wanted him to remain

 

Like 10,000 dogs of war when all you need is a Quaresma. Or something.

[Kurt]

Fair play, Rashid. Everyone here knows how badly you want DIC, you've made no secret of that. Some people might say you were laying yourself open to get screwed, but you want DIC action, and I don't think that's anything to be ashamed of.

 

Dont know if it was intentional or not, but based on Rash`s homophobia that one made me laugh...