Sunday, January 20, 2008

Dubai Group Now Want 'Both' Americans Out Of Anfield

After initially backing George Gillett to buy out Tom Hicks' share in the club, Dubai International Capital have now decided that they want both of Liverpool's American owners out.

Tom Hicks' stock has been in free fall at Anfield after declarations about a discussion with Jurgen Klinsmann, something that has seen more and more people side with the relatively quiet George Gillett.

Gillett has almost been relegated to a secondary role by Hicks - who has been having his way and doing much of the talking ever since the duo took over - and differences between the two have been growing for a few months now.

It all seems to have come to a head following the Klinsmann revelations, and there were suggestions that Gillett was looking to buy out Hicks' share, a move backed by Dubai International Capital (DIC).

However, DIC have realised that public sentiment is against both the Americans, and that as they continue to squabble for control, the distance between them and the club continues to grow.

That the owners want a re-financing - which would help them dump their £350m debt on Liverpool - has hardly helped raise their stock, and DIC have now backed down on their support of Gillett, and want to buy out both Americans and take control at Anfield.
The News of the World quotes a club insider as having revealed that club officials do not want the Americans in charge, even until the end of the season.

"In a strange way DIC may think it's worth waiting for the Americans' to refinance because it will lessen the value of the club because of the level of debt," the source is quoted as saying.

"But the best thing that can happen is for the pair of them to get out now. It's clear the old board has made a huge mistake selling to these two."

The Guardian reveals that a takeover bid of £500million is already on the table.

This rather generous offer would allow Hicks and Gillett to pay off their £350million debt, and make a cool profit of £75million each, something DIC will be lucrative enough for the owners.

The process could get underway as early as by the end of this week, various media sources are claiming.

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