Possible buyout? - Just heard on the radio

Liverpool Football Club - General Discussion

Postby MASTER » Thu Jan 11, 2007 1:41 pm

Paul Fairclough was talking on talkSport last night, he reckons it is nearly done.
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Postby zarababe » Sun Jan 14, 2007 11:51 pm

Great news re: the takeover -

Here's Parry talking to the BBC: (nice to hear him say it :D )

http://news.bbc.co.uk/media...._bb.asx

Onwards and upwards, this is gonna be a great year :)
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Postby stmichael » Mon Jan 15, 2007 8:52 pm

MASTER wrote:Paul Fairclough was talking on talkSport last night, he reckons it is nearly done.

what does the barnet manager know about anything? ???  :D
Last edited by stmichael on Mon Jan 15, 2007 8:52 pm, edited 1 time in total.
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Postby zarababe » Mon Jan 15, 2007 9:58 pm

Liverpool close to £156m takeover 
By Mihir Bose
BBC sports editor 


 
Liverpool are on the verge of agreeing a £156m takeover by the investment arm of Dubai's government.

The club's board of directors will discuss the final proposals by the Dubai International Capital Group at a meeting on Tuesday.

The deal, which will net chairman David Moores more than £75m, is close to bring completed, but is not expected to be finalised until next week.

Moores, who owns 51.6% of shares, made an initial investment of around £10m.

DIC has almost completed its due diligence, but Liverpool are keen to get the deal done in time to allow them to bring in some new players before the closure of the transfer window on 31 January.

It is unclear what level of investment in players will be made available to manager Rafael Benitez should the deal go through.

On Sunday, Liverpool chief executive Rick Parry said the deal was "not a quick fix, a rich man's play-thing. It's a long-term model for success, based around the new stadium".

"This will take us to the next level," he added.
THE BRENDAN REVOLUTION IS UPON US !

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Postby ste123lfc » Mon Jan 15, 2007 10:02 pm

I thought the deal was supposed to be £450m unless £156m is for the club and the rest is for the new ground. If so it still seems alot for a ground, ashburton grave only cost about £100m.
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Postby A.B. » Mon Jan 15, 2007 10:04 pm

ste123lfc wrote:I thought the deal was supposed to be £450m unless £156m is for the club and the rest is for the new ground. If so it still seems alot for a ground, ashburton grave only cost about £100m.

The 156 million is only to buy the shares alone, that's not including 80 million for debts and  fees and about 210 million for the actual stadium.
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Postby zarababe » Mon Jan 15, 2007 10:07 pm

DIC need 90% of the shares to keep the club privately owned. This means buying the other shares and investing in the stadium and players side too. So the deal is likely to be close on £450m
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Postby A.B. » Mon Jan 15, 2007 10:08 pm

zarababe wrote:DIC need 90% of the shares to keep the club privately owned. This means buying the other shares and investing in the stadium and players side too. So the deal is likely to be close on £450m

I just said that  :D
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Postby zarababe » Mon Jan 15, 2007 10:12 pm

I was typing it while you posted it :D
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Postby ste123lfc » Mon Jan 15, 2007 10:30 pm

Cheers for that, but lets not have a domestic. :D
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Postby Aaron » Mon Jan 15, 2007 10:48 pm

I'm getting excited now with the takeover, at first i wasnt sure but now it is nearly complete, i cant wait until Rafa goes and spends money on quality players. Obviously he wont pay rediculous amounts for players but with the believed £80 million to spend there is plenty of quality that can be bought, just look at the fee for Dirk Kuyt and he has been superb
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