Sunday, January 13, 2008

Arabs back in for Liverpool Takeover

DIC back in the frame as Gillett & Hicks get cold feet

Dubai International Capital are according to reports, back in the frame for a takeover at Liverpool. Also the Americans have, due to the global credit crunch, struggled to refinance the loan they took out to purchase the club, which is due for repayment at the end of February. Contrary to their original stated intentions, the duo have been attempting to transfer the liability for the debt onto the club itself. City sources say this will be extremely difficult to do, and their attempt to do so has caused tensions amongst the Anfield board.

The other members of the board are thought to be horrified that George Gillett and Tom Hicks have not brought long-term stability to the club, and reports have it that Parry and Moores are open to another takeover.

Its been mooted that the Americans want 1 billion for Liverpool, which has been ridiculed, but it is reported that a value of 500 million would be acceptable, with the Americans making a 75 million profit each. The Guardian reports takeover talks are thought to be scheduled for later this month


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