Monday, May 03, 2010

DIC Close In On £500m Takeover Of Liverpool

The Sunday Express report that Dubai International Capital are finally close to securing a £500 million takeover of Liverpool.

The next few weeks are set to be tumultuous at Anfield with owners George Gillett and Tom Hicks selling up and Liverpool manager Rafa Benitez heading to Juventus, according to the Sunday paper.

DIC, the investment arm of Dubai’s ruling family led by Sheikh Mohammed bin Rashid Al Maktoum, attempted to buy Liverpool in 2007 but lost out to the American pair of Hicks and Gillett.

In 2008, DIC attempted to buy Gillett’s 50% share of Liverpool but talks broke down again.

If the deal goes through this time, DIC are tipped to commit funds to build Liverpool a new stadium and will hand a new manager a significant sum of money to spend on new players.

The Sunday Express list a whole list of names to replace Rafa Benitez at Liverpool, including Joe Mourinho, Martin O’Neill, Martin Jol and Frank Rijkaard.

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