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| Reds revel in £450m takeover talk | Reds revel in £450m takeover talk |
| (2 days later) | |
| Liverpool manager Rafa Benitez has welcomed the news that the Premiership club is poised for a £450m takeover. | Liverpool manager Rafa Benitez has welcomed the news that the Premiership club is poised for a £450m takeover. |
| Dubai International Capital (DIC), the investment arm of Dubai's government, confirmed on Monday that they were in talks about a possible buy-out. | Dubai International Capital (DIC), the investment arm of Dubai's government, confirmed on Monday that they were in talks about a possible buy-out. |
| "I have talked to the chairman (David Moores) and chief executive (Rick Parry) about this and I was pleased with what I heard," said Benitez. | "I have talked to the chairman (David Moores) and chief executive (Rick Parry) about this and I was pleased with what I heard," said Benitez. |
| "It is always good for a club to have more money and more possibilities." | "It is always good for a club to have more money and more possibilities." |
| Interview: Liverpool boss Rafael Benitez | |
| Liverpool, five-times European champions, have given DIC permission to carry out a complete study of the club's financial records ahead of a possible takeover bid. | Liverpool, five-times European champions, have given DIC permission to carry out a complete study of the club's financial records ahead of a possible takeover bid. |
| The proposed deal is expected to include £200m to build a new 60,000-capacity stadium. | The proposed deal is expected to include £200m to build a new 60,000-capacity stadium. |
| This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community Rick ParryLiverpool chief executive | This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community Rick ParryLiverpool chief executive |
| "This is the latest step on the road of finding the long-term investment that the club needs," said Parry. | "This is the latest step on the road of finding the long-term investment that the club needs," said Parry. |
| "This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community. | "This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community. |
| "On the pitch, Liverpool remains focused on winning and, here again, this is all about doing a deal that gives us the long-term resources to do that." | "On the pitch, Liverpool remains focused on winning and, here again, this is all about doing a deal that gives us the long-term resources to do that." |
| DIC chief executive Sameer al-Ansari said: "We hope we can agree a deal. | DIC chief executive Sameer al-Ansari said: "We hope we can agree a deal. |
| "Liverpool's investment requirements are well publicised. Hopefully this will provide us with the opportunity to fund its needs both on and off the pitch." | "Liverpool's investment requirements are well publicised. Hopefully this will provide us with the opportunity to fund its needs both on and off the pitch." |
| 606: DEBATE This has to be good news for Liverpool. The club have no choice KO 606: Have your say | 606: DEBATE This has to be good news for Liverpool. The club have no choice KO 606: Have your say |
| Both Moores and Parry stayed behind in Liverpool while the team flew to Istanbul for Tuesday's Champions League match against Galatasaray. | Both Moores and Parry stayed behind in Liverpool while the team flew to Istanbul for Tuesday's Champions League match against Galatasaray. |
| However, the deal is not expected to be concluded until early next year. | However, the deal is not expected to be concluded until early next year. |
| DIC owns the Madame Tussauds Group and the Travelodge hotel chain as well as one third of the London Eye. | DIC 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 and United Arab Emirates Prime Minister 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, with an estimated personal wealth of $10 billion. | Sheikh Mohammed, whose family is internationally renowned for its running of the Godolphin horse racing stables, is the world's fifth richest man, with an estimated personal wealth of $10 billion. |
| Sheikh Mohammed bin Rashed Al Maktoum is a keen racing fan"Already they (DIC) have demonstrated a full understanding of, and respect for, the club's heritage and values," added Parry. | Sheikh Mohammed bin Rashed Al Maktoum is a keen racing fan"Already they (DIC) have demonstrated a full understanding of, and respect for, the club's heritage and values," added Parry. |
| "We also believe they share our passion for success. In particular, DIC believes in investing in the businesses it acquires. | "We also believe they share our passion for success. In particular, DIC believes in investing in the businesses it acquires. |
| "This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community. | "This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community. |
| "On the pitch, Liverpool remains focused on winning and, here again, this is all about doing a deal that gives us the long-term resources to do that." | "On the pitch, Liverpool remains focused on winning and, here again, this is all about doing a deal that gives us the long-term resources to do that." |
| 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. |
| Thaksin Shinawatra, then Prime Minister of Thailand, also made a high-profile bid to take control of the club in 2004. | Thaksin Shinawatra, then Prime Minister of Thailand, also made a high-profile bid to take control of the club in 2004. |
| Recent suitors have included George Gillet, the owner of the Montreal Canadians ice hockey team who met with Moores and Parry in the United States last month. | Recent suitors have included George Gillet, the owner of the Montreal Canadians ice hockey team who met with Moores and Parry in the United States last month. |
| The takeover news will concern those worried about the number of Premiership clubs currently in the hands of foreign owners. | 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. | Manchester United, Chelsea, Aston Villa, Portsmouth and Aston Villa have all gone through high-profile takeovers by foreign owners in recent years. |