by account deleted by request » Sun Jan 20, 2008 4:38 pm
G. G. Balagué | 20/01/2008 - AS
The difficulties that George Gillet and Tom Hicks are being found to finance Liverpool have triggered the interest of the royal family of Dubai, through its financial arm, the company Dubai International Capital (DIC), and have submitted an offer of 430 million euros to the owners of Liverpool. Gillet and Hicks must answer in the next 24 hours. Money does not seem to be a big problem for DIC, because it would be a 'small' investment within the fortune that handle over 400,000 million euros in its possession.
Owners Americans have been affected by the fall in the dollar and its total disregard of European football. The rate of expenditure of the club is so high that, to continue this pace, consider that in two years Liverpool would be bankrupt. Nor does it help that both understand the future of Liverpool differently: while Gillet wanted to buy a club for years and understands the sensitivities of a better team and a very special fondness, Hicks would be willing to put all debt to the club, build a new stadium and medium term to sell to the highest bidder. It was Hicks admitted that the talks with Klinsmann with the aim of diverting attention.
Hicks and Gillet must pay to the Royal Bank of Scotland debt over 250 million they have with the bank before the end of February. But the suspicion is that they will not be able to refinance the debt to include the cost of a new stadium and the payment of transfer of footballers.
Ripped from RAWK
btw Why are we not on the list of sites that are going to get to vote in the BIG SURVEY on H&G ? Wheres Leon when you need him?