Tuesday, September 16, 2008

DIC Rule Out A Bid For Liverpool FC

Investment group Dubai International Capital (DIC) has said it is not in talks to buy Liverpool FC.

Reports had suggested that the investment arm of the Dubai government may bid again for Liverpool, while the group has also been linked to Newcastle. But a DIC statement denied there was a bid for the Reds - or any Premier League club - on the horizon.

The statement read: "DIC is not involved in any negotiations to buy Liverpool and is not planning a fresh bid for LFC or any other club."

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum is still linked to the Reds.

DIC failed with a bid to acquire 49% of Liverpool in March when the Anfield outfit's co-owner Tom Hicks ended negotiations with the company after months of negotiations.

But the ruler of Dubai, Sheikh Mohammed, is believed to want to pursue his interest in the Merseyside club, although he would not utilize DIC in any negotiations.

That has been the case since early summer when he was linked with an attempt to buy out Hicks and his co-owner George Gillett.

Those negotiations have been carried out in the UK by a company, PCP, run by Amanda Staveley, and which has been involved in negotiations for the successful purchase of Manchester City by an Abu Dhabi group.

The DIC statement continued: "Neither DIC nor any other Dubai based party is aware of any consortium or vehicle involved in a bid. DIC has not mandated PCP to act for DIC in any matter whatsoever.

"DIC would like to wish LFC and its fans a successful future."

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