by Igor Zidane » Tue Mar 04, 2008 1:15 am
TIMES
George Gillett Jr ready to trigger Liverpool bidding war
Oliver Kay
The battle for the ownership of Liverpool escalated last night as Tom Hicks indicated that he is ready to buy out George Gillett Jr, his co-chairman, just as Dubai International Capital (DIC) sought to increase the pressure on the two American owners to accept a £400 million offer that was made to them last week.
It emerged last night that DIC, the private equity investment arm of the Dubai Government, made a formal offer to buy out Hicks and Gillett on Wednesday.
The offer, which has not been rejected, was made by Amanda Staveley, a senior partner at PCP Capital Partners, who once dated Prince Andrew, the Duke of York. The 34-year-old businesswoman is acting as an adviser to DIC and will be given an influential position in the Liverpool boardroom, overseeing the day-to-day running of the club, if the takeover bid is successful.
With discussions continuing behind the scenes, contrary to Hicks's frequent claims, DIC is confident that Gillett will accept its £200 million offer for his 50 per cent stake in the club, possibly even by the end of this week.
But there were claims from Dallas last night that Hicks is ready to exercise his option to buy out Gillett's stake and to assume sole ownership of the club, having secured an off-market placement of his shares in Hicks Sports Group, which includes investments in the Texas Rangers baseball team and the Dallas Stars ice hockey franchise, as well as in Liverpool.
DIC remained unconvinced by the claims from Dallas last night, given that Hicks has appeared to encourage its interest in buying his stake in recent weeks. One source claimed that Hicks could be forced to sell, taking, along with Gillett, a £25million profit on his investment. But no one at Anfield is certain what will happen during a critical week in which the future of the club could finally be determined.
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The king-maker is likely to be Gillett, whose partnership with Hicks has disintegrated since they arrived on Merseyside in a blaze of glory 13 months ago.
Gillett is eager to put the unhappy experiment behind him and is understood to have voiced his unwillingness to sell to Hicks, given the antipathy that has developed between them, but sources in the United States have suggested that he may be forced to do so, given Hicks's considerable influence in American industry.
Gillett effectively holds the club's future in his hands, but his feelings on the matter are unclear. What is known is that his departure would be welcomed by Rafael Benítez, the manager, who views Gillett as the greatest threat to his future at Anfield.
Having sought to repair his relationship with Hicks, with whom he exchanges regular e-mails, Benítez feels more secure in his position than he did in the autumn, when the American owners tried and failed to line up Jürgen Klinsmann, the former Germany coach, as his successor.
Sources at Anfield have stated, however, that “no one knows what Tom Hicks will do if he gets his hands on the entire club”.
That is a prospect that is seen with dread by many at Anfield - perhaps not least David Moores, the former chairman, and Rick Parry, the chief executive, who feel that they were wrong to sell to Hicks and Gillett, rather than DIC, a year ago.
Parry would be unlikely to survive under Hicks, but nor is there any guarantee that he would be retained by DIC in the long term, particularly because Staveley has been identified as a central figure in the running of the club along with Sameer Al-Ansari, the group's chief executive, who is known to be a Liverpool fan.
It is not clear whether Al-Ansari would be based on Merseyside in the event of a takeover, but sources close to DIC have said that it would recruit “the best football brains in the country” to work closely with the team manager.
In the meantime, sources at Anfield talk of “chaos” and a situation where “no one knows who is running the club”. DIC is confident that it will be doing so shortly, but if the whispers from Dallas last night are to be believed, Hicks is planning to tighten his grip on the club, not relinquish it.
That yank tw@t cannot take control of the club , come on gillett do the right thing for once . Lets hope DIC's confidence is well founded.
UP THE PURPS !!!

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