Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Dubai Group Withdraws Liverpool Offer
ESPN Soccernet, January 31st, 2007 3:06PM

MOST READ

MOST COMMENTED

In an amazing turn of events, Liverpool will not be taken over by Dubai International Capital Investment, as was widely reported by just about everyone, including the club itself. In fact, the Anfield club was so certain of a takeover by the consortium run by the king of Dubai that it all but rejected the idea of entertaining a bid from American billionaire George Gillett.

At first, anyway. Upon the closer inspection of Gillett's bid by Liverpool chairman and majority shareholder David Moores, DIC pulled its offer, saying the two parties were unable to agree to the terms the group set forth. Sameer Al Ansari, executive chairman and chief executive officer of DIC, said: "We are very disappointed to be making this announcement. DIC are a serious investor with considerable resources at our disposal...however, we will not overpay for assets." The deal would have valued Liverpool at $883 million.

This presumes that Gillett, who owns the NHL's Montreal Canadians and once held interests in the Miami Dolphins and Harlem Globetrotters, has proposed a deal which would bring Moores and the other Liverpool shareholders more value for their holdings Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Reports: Bale to Miss Crucial Week for Real     
According to reports on Monday, Gareth Bale will miss a crucial week for Real Madrid after ...
Injured Lampard to Miss City's Trip to CSKA    
Frank Lampard was carried off on a stretcher as Manchester City beat Tottenham 4-1 at the ...
Report: Shakhtar Stadium Damaged in Ukraine War    
Shakhtar Donetsk's Donbass Arena suffered serious damage from gunfire on Monday despite the recent ceasefire agreed ...
Mourinho Swipes at National Team Coaches    
Chelsea coach Jose Mourinho took a swipe at Spain coach Vicente del Bosque on Monday, by ...
Bundesliga: Heaven for Bayern, Hell for BVB    
Pep Guardiola once again lavished high praise on Philipp Lahm after the Bayern Munich veteran put ...
Enrique Dismisses Messi Substitution Row     
Did Lionel Messi refuse to be taken off during Barcelona's 3-0 win against Eibar? No matter ...
Hart: Aguero "Useless" in Practice Sessions    
Sergio Aguero, Manchester City's four-goal hero against Tottenham on Saturday, is apparently "useless" at times during ...
Arena: 'We Need to Start Focusing on Playing'    
Bruce Arena suggested that Landon Donovan's long MLS goodbye has become a distraction following the Los ...
Platini: Blatter No Longer Serves Soccer    
UEFA President Michel Platini on Friday launched perhaps his most scathing criticism of FIFA President Sepp ...
Gundogan Back for BVB; Reus, Mkhitaryan Close    
Ilkay Gundogan is set to put 14 months of injury misery behind him on Saturday when ...
>> Section 2 Around the Net Archives