Sunday, January 27, 2008

Tom Hicks Admits To Holding Talks With DIC Over Liverpool FC


Liverpool co-owner Tom Hicks has revealed he held talks with Dubai International Capital - but only about the company becoming a “minor investor” in the club.

DIC rejected the opportunity and Hicks insists that is the end of the matter.

Hicks, and fellow co-owner George Gillett, are now focusing on taking Liverpool forward after completing their £350 million refinancing package.

Of that, £105million will be debt tied to the club - £60million to kick-start the building of a new stadium and £45million for future transfers.

While Hicks said that there was never any intention to sell the club to DIC, he told Radio Five Live’s Sportsweek programme: “I did talk to them about a 10-15% participation but that was months ago.

“We gave them a valuation as a minority investor but they thought the price was too high. We have had no conversations since then.

“We would have used that capital towards the new stadium but we will find other ways.

“We have the capital. I have put in a lot of money and we will put in more in if need be. I am very excited about the future of the club.

“This will be the finest football stadium in the world. People should be very proud of it and I want to win the support of Liverpool fans with my actions.”

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