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Liverpool close to £156m takeover Liverpool close to £156m takeover
(1 day later)
Liverpool are on the verge of agreeing a £156m takeover by the investment arm of Dubai's government.Liverpool are on the verge of agreeing a £156m takeover by the investment arm of Dubai's government.
The club's board of directors will discuss the final proposals by the Dubai International Capital Group at a meeting on Tuesday. A board meeting to discuss the final proposals by the Dubai International Capital Group was postponed on Tuesday because final paperwork was not ready.
The deal, which will net chairman David Moores more than £75m, is close to bring completed, but is not expected to be finalised until next week. But the deal, which will net chairman David Moores more than £75m, is close to being completed, and a formal offer could be made early next week.
Moores, who owns 51.6% of shares, made an initial investment of around £10m.Moores, who owns 51.6% of shares, made an initial investment of around £10m.
Interview: Liverpool chief executive Rick ParryInterview: Liverpool chief executive Rick Parry
DIC has almost completed its due diligence, but Liverpool are keen to get the deal done in time to allow them to bring in some new players before the closure of the transfer window on 31 January.DIC has almost completed its due diligence, but Liverpool are keen to get the deal done in time to allow them to bring in some new players before the closure of the transfer window on 31 January.
It is unclear what level of investment in players will be made available to manager Rafael Benitez should the deal go through.It is unclear what level of investment in players will be made available to manager Rafael Benitez should the deal go through.
On Sunday, Liverpool chief executive Rick Parry said the deal was "not a quick fix, a rich man's play-thing. It's a long-term model for success, based around the new stadium".On Sunday, Liverpool chief executive Rick Parry said the deal was "not a quick fix, a rich man's play-thing. It's a long-term model for success, based around the new stadium".
"This will take us to the next level," he added."This will take us to the next level," he added.
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