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Bloomberg Link confirming exclusivity of negotiations
Dubai International Capital is in exclusive talks about a possible investment in Liverpool Football Club, a DIC official said.
'Dubai International Capital confirms it has entered into a period of exclusive negotiations with Liverpool Football Club and Athletic Grounds about a possible investment in the club,' the official said.
'Dubai International Capital will be commencing due diligence in the coming days.'
DIC chief executive Sameer Al Ansari, a Liverpool fan, said DIC would issue a statement about Liverpool Football Club later.
The Times of London reported that Liverpool was close to accepting a 450 million pound ($890.9 million) deal from DIC.
Under the deal DIC will take on 80 million pounds in Liverpool debt, and provide the club with up to 200 million pounds for a new 60,000 capacity stadium, the paper said.
Liverpool chairman David Moores, who owns a 51 percent stake in Liverpool FC, valued the club at 170 million pounds, the Times reported.
Belfast property tycoon John Miskelly and American billionaire George Gillett were among other contenders for a Liverpool stake, it said.
