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


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: Messi Close to Barca Pay Raise    
According to reports in Spain, Lionel Messi is close to agreeing a contract extension with Barcelona ...
Scholes Named Man United Assistant Coach     
Paul Scholes on Wednesday was named as an assistant coach to interim Manchester United coach Ryan ...
FIFA Suspends Barca Transfer Sentence    
FIFA on Wednesday temporarily suspended the transfer ban handed to Barcelona for violating its rules regarding ...
Donovan on Moyes     
Landon Donovan on Wednesday sounded off on the news that Manchester United had fired head coach ...
Moyes Speaks Out About United Dismissal     
David Moyes on Wednesday broke his silence after being fired as head coach of Manchester United ...
Simeone: Atleti Tried to Score vs. Chelsea    
Diego Simeone said that in contrast to Chelsea, Atletico Madrid tried to score during the first ...
Mourinho Would Field Weakened Team at Anfield     
Jose Mourinho suggested that Chelsea might have given up on the Premier League title after the ...
Scolari turns criticism back onto the critics    
Brazil coach Luiz Felipe Scolari is shrugging off criticism of several players as tension and excitement ...
Qatar begins down-sizing World Cup plans    
Qatar plans to scale back plans for the World Cup it is scheduled to host in ...
German unions request leniency for late arrival during World Cup    
German union leaders want employers to show leniency towards their soccer-supporting workers by allowing them to ...
>> Section 2 Around the Net Archives