This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/sport1/hi/football/teams/l/liverpool/6205386.stm

The article has changed 9 times. There is an RSS feed of changes available.

Version 2 Version 3
Liverpool 'nearing takeover deal' Liverpool nearing Dubai takeover
(about 5 hours later)
Liverpool are reportedly close to accepting a £450m deal which will allow a Dubai-based consortium to take control of the Anfield club. Dubai International Capital (DIC) has confirmed it is in exclusive talks about a takeover of Liverpool FC.
The Dubai International Capital group will be allowed to begin the due diligence process this week, according to reports in Monday's newspapers. DIC, the investment arm of Dubai's government, is thought to be nearing a buy-out of the club worth £450m.
American billionaire George Gillett and property tycoon John Miskelly are also thought to be interested in a takeover. "Liverpool's investment requirements are well publicised," said DIC chief executive Sameer al-Ansari, whose firm has begun to examine the club accounts.
The proposed deal will include £200m to build a new 60,000-capacity stadium. "We hope we can agree a deal that will provide us with the opportunity to fund its needs both on and off the pitch."
The due diligence process gives DIC - a subsidiary of the government-owned Dubai Holdings - exclusive rights to study the accounts of Liverpool with a view to finalising a deal. The proposed deal is expected to include £200m to build a new 60,000-capacity stadium.
The due diligence process has begun, giving DIC exclusive rights to study the accounts of Liverpool with a view to finalising a deal.
606 DEBATE: Your views on Liverpool's future606 DEBATE: Your views on Liverpool's future
The details of the deal are not known, and it is unclear whether it would be a full-scale takeover by DIC, or whether they would take over from chairman David Moores as majority shareholders. Liverpool chairman David Moores and chief executive Rick Parry stayed behind in Liverpool while the team flew to Istanbul for Tuesday's Champions League match against Galatasaray.
But the news will concern those worried about the number of Premiership clubs currently in the hands of foreign owners. However, the deal is not expected to be concluded until the new year.
Manchester United, Chelsea, Aston Villa, Portsmouth and Aston Villa have all gone through high-profile takeovers by foreign owners in recent years. DIC owns the Madame Tussauds Group and the Travelodge hotel chain as well as one third of the London Eye.
DIC is run by chief executive Sameer Al Ansari and owns the Madame Tussauds Group and the Travelodge hotel chain as well as one third of the London Eye. The company is an investment arm of Dubai Holding, which is owned by Dubai Crown Prince and United Arab Emirates Prime Minister Sheikh Mohammed bin Rashid Al Maktoum.
The company is an investment arm of Dubai Holding, which is owned by Dubai Crown Prince Sheikh Mohammed bin Rashid Al Maktoum. Sheikh Mohammed, whose family is internationally renowned for its running of the Godolphin horse racing stables, is the world's fifth richest man.
The Al Maktoum family are internationally renowned for their running of the Godophin horse racing stables.
Liverpool have been linked with other takeover bids in recent years.Liverpool have been linked with other takeover bids in recent years.
In 2005, American billionaire Robert Kraft - owner of the New England Patriots NFL team - was linked with a bid for the club.In 2005, American billionaire Robert Kraft - owner of the New England Patriots NFL team - was linked with a bid for the club.
And in 2004 Thaksin Shinawatra, then Prime Minister of Thailand, made a high-profile bid to take control of the club.And in 2004 Thaksin Shinawatra, then Prime Minister of Thailand, made a high-profile bid to take control of the club.
The takeover news will concern those worried about the number of Premiership clubs currently in the hands of foreign owners.
Manchester United, Chelsea, Aston Villa, Portsmouth and Aston Villa have all gone through high-profile takeovers by foreign owners in recent years.