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DIC sees the end in sight for Liverpool takeover
England - 27 March, 2008
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Dubai International Capital has offered GBP 400 million for English Liverpool, and soon may have control of the club as a result.
DIC officials are confident they have removed their biggest stumbling block to a deal in co-owner Ton Hicks. Hicks had blocked efforts by DIC to acquire the Liverpool half owned by co-owner George Gillett.
The investment company would almost be paying double the GBP 219 million that Gillett and Hicks used to purchase the club in Feb. 2007. But the loans used to purchase the club could cause Gillett and Hicks some trouble with the worldwide credit crisis.
DIC officials estimated a three-to-four week wait for control of Liverpool. A review of the books likely will get underway soon.
DIC officials are confident they have removed their biggest stumbling block to a deal in co-owner Ton Hicks. Hicks had blocked efforts by DIC to acquire the Liverpool half owned by co-owner George Gillett.
The investment company would almost be paying double the GBP 219 million that Gillett and Hicks used to purchase the club in Feb. 2007. But the loans used to purchase the club could cause Gillett and Hicks some trouble with the worldwide credit crisis.
DIC officials estimated a three-to-four week wait for control of Liverpool. A review of the books likely will get underway soon.
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