Liverpool FC Forum

[welsh wizzard]

Feb 2 2007




by Chris Bascombe, Liverpool Echo

 
DUBAI International Capital today launched a scathing attack on Liverpool's conduct, saying chairman David Moores had made a bewildering and shocking decision.

The fallout of the collapse of the deal intensified, with Dubai sources contacting the ECHO to put their side of the story in the days leading up to their withdrawal.

Anfield chief executive Rick Parry explained how Liverpool felt it was their duty to consider a rival offer from George Gillett jnr, and ultimately felt bullied into making a swift decision.

But a DIC spokesman has retaliated by suggesting chairman David Moores panicked at the 11th hour with a deal about to be sealed.

The spokesman said: "If the fans want to know what's happened, David Moores suffered what I can only describe as a mental aberration, just when the agreement was about to be reached.




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[Effes]

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[Elchris]

moores moores moores....too much presure on that man ...i feel sorry for him...

[welsh wizzard]

the rest of the story continues in Liverpool Echo. Can somebody copy and past the rest here .Cheers its a good read.

[matrix]

You must be mad, says DICFeb 2 2007




by Chris Bascombe, Liverpool Echo

 
DUBAI International Capital today launched a scathing attack on Liverpool's conduct, saying chairman David Moores had made a bewildering and shocking decision.

The fallout of the collapse of the deal intensified, with Dubai sources contacting the ECHO to put their side of the story in the days leading up to their withdrawal.

Anfield chief executive Rick Parry explained how Liverpool felt it was their duty to consider a rival offer from George Gillett jnr, and ultimately felt bullied into making a swift decision.

But a DIC spokesman has retaliated by suggesting chairman David Moores panicked at the 11th hour with a deal about to be sealed.

The spokesman said: "If the fans want to know what's happened, David Moores suffered what I can only describe as a mental aberration, just when the agreement was about to be reached.




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"The fans are bemused, and we at DIC are just as bemused by the past few days.


"Liverpool Football Club has been looking for years and years for an investor, going through numerous suitors. They came to the conclusion DIC were the best people. We've been working closely with advisors for the last six to eight weeks, and spent a lot of time preparing a deal.


"We are genuine supporters who not only wanted to invest in the club, but to do so by keeping Mr Moores and Rick Parry in place. The announcement was going to be made this Monday.


"Then, 10 days ago, we heard from the press George Gillett had made another bid. No-one from Liverpool told us this, and when we asked what was happening they said they didn't know why a bid was made other than to muddy the waters.


"Then we read a formal statement from Liverpool announcing Gillett's bid last Friday. Again, DIC were informed by a journalist.


"This lack of communication made our guys tense.

You must be mad, says DIC   Previous 1 2 

 
"On Tuesday, we expected the board meeting to accept our proposals. Instead, we found out the board was discussing George Gillett's offer, once again through the press.

"Even on Tuesday night we could get no answers from Mr Moores and Mr Parry, even though we had a representative at the West Ham match.

"The people back in Dubai thought they weren't being told what's going on.

“There was no ultimatum given, but we did make it clear we needed to know quickly if the press conference was going ahead on Monday because DIC officials needed to know if they should book their flights.

"Once word got back to Dubai on Tuesday there were no answers from Liverpool, the word from on high was this is bad for our reputation and it all stops right now.

"We can't understand what had changed since December 4 when after a long search, Liverpool announced we were the best people."




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DIC also raised questions about the merits of Gillett's proposals.


"We believe there will be more debt at a higher rate of interest. We can't understand why Liv-erpool would take such a risk."

 
  thats your story pasted my welsh friend   

[Sabre]

"We believe there will be more debt at a higher rate of interest. We can't understand why Liv-erpool would take such a risk."

Did they learn this from the press aswell?

Well, that's one side of the story. Let's wait the official one. It's all weird.

[neil]

the way these dic people are reacting goes to show they were not the right outfit in the 1st place. Good work from Moores and Parry.

[RUSHIE#9]

Now we're learning a bit more about what's gone on it does feel like DIC wouldn't have been all they were cracking up to be. They're now coming across as very impatient, making snap decisions based on sketchy facts from the press. It in fact seems to me that their ownership of the club could have all been influenced by what the newspapers were saying. If the press were having a go at the manager would they have then sacked him?, if a story was run that Gerrard wanted a transfer (like what happens every couple of months) would they then sell him without a second thought to what he brings to the team?? All wild speculation I know but then again DIC seem to have jumped ship because of the very same thing.

[Reg]

At the end of the day whichever new owner will be a businessman and not a fan. Moores is the last of the gentleman owners, mark my words once he goes, thats it.

If we want to be sentimental, let Steve Morgan takeover, but he only offered 200 million against the Dick's offer of 450 AND  YET, folks still wanted Moores to sell out to him!!

I take comfort that the directors, the club and the supporters are scousers. No yank, arab or chinaman is going to get far trying to b@llshit us for long. Especially once Welsh Wizard starts demanding money to buy in players.... 

[ste123lfc]

Looks like it all done and dusted according to the link below.

US take over a done deal

[Reg]

TAKEOVER COST BREAKDOWN
Buying out shareholders (incl £80m debt): £255m
New stadium: £215m
TOTAL COST: £470m

Ok thats nice but thats 470 million without providing the club with a penny additional working capital.

Are we to assume that we can run up 80 million of debt again buying players ?

[J*o*n*D*o*e]

lets face it whoever ends up buying the club it will be us the fans who will end up paying for it all and not just in the pocket, times are a changing and no its not always for the better, the club as we know it now will no longer exist.

all we get from this deal is a new stadium, thats it, more money in the transfer market does not guarantee silverware, who`s to say we wont win the premiership this year or next with the present squad, did we not win the F.A cup and the Champions league in the previous two seasons.

every club these days is looking for a sugar daddy to come along throw money at them sit back do nothing and change nothing.

once this deal goes ahead we liverpool fans better take a good sniff of the coffee because where in for a reality check. there wont be a mr moores to smooth things over and do it the Liverpool way, its a bloody shame that the greed in the game today is forcing people like mr moores to sell out, the guy does not want to go, he`s one of us, the fiasco going on now is evidence of that, i really wouldnt want to be in his shoes now, damned if you do and damned if you dont.

chelsea have no heart and no soul and your a fool if you think where not heading the same way.

buy dont worry because we`ll have Loadsamoney

[account deleted by request]

Looks like it all done and dusted according to the link below.

US take over a done deal

Well I am glad that they didn't rush into it through being bullied and took their time. 3 days to go through the books and a couple of days to check their credit card didn't bounce and the deals done and dusted.

WTF are they trying to do with our club. They might as well have put it on e-bay.

[Effes]

TAKEOVER COST BREAKDOWN
Buying out shareholders (incl £80m debt): £255m
New stadium: £215m
TOTAL COST: £470m

Ok thats nice but thats 470 million without providing the club with a penny additional working capital.

Are we to assume that we can run up 80 million of debt again buying players ?

It's worth making a mental note of the New Stadium costs.

The way the construction industry is ( and look at the Wembley fiasco) I can see that going up to £300M by 2009.

Must admit - I'm getting very tired of all this.

I will only rest when I finally sit down in that goddam new stadium.

[66-1112520797]

Will Moores stay on and have a role in the club still, I hope so this yank fella will surely need to know about certain things at Liverpool.

I just hope it doesnt change to much.