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Liverpool close on £156m takeover | |
(17 days later) | |
Liverpool are expected to go ahead with the planned £156m takeover by Dubai's government despite interest from American billionaire George Gillett. | |
The BBC understands that Liverpool have told Gillett he is welcome to undertake due diligence following his intention to make an improved offer. | |
But they are not encouraging him and favour the approach made by the Dubai International Capital Group. | |
Chairman David Moores will net more than £75m from that deal. | |
Interview: Liverpool chief executive Rick Parry | |
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. |
DIC has almost completed its due diligence. | |
It is unclear what level of investment in players will be made available to manager Rafael Benitez should the deal Dubai deal go through. | |
Liverpool chief executive Rick Parry said the DIC 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. |
606 DEBATE: Give your reaction to this news | 606 DEBATE: Give your reaction to this news |