Skip to main contentAccess keys helpA-Z index

[an error occurred while processing this directive]
watch listen BBC Sport BBC Sport
Low graphics|Help
---------------
---------------
CHOOSE A SPORT
 
RELATED BBC SITES
Last Updated: Wednesday, 24 January 2007, 16:14 GMT
Liverpool close on 156m takeover
By Mihir Bose
BBC sports editor

Liverpool
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.

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.

606 DEBATE: Give your reaction to this news

SEE ALSO
Liverpool takeover concerns eased
28 Dec 06 |  Liverpool
Reds revel in 450m takeover talk
04 Dec 06 |  Liverpool
Who is Sheikh Mohammed?
15 Jan 07 |  Liverpool


RELATED BBC LINKS:

RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


BBC PRODUCTS AND SERVICES
Daily and weekly e-mails | Mobiles | Desktop Tools | News Feeds | Interactive Television | Downloads
Sport Homepage | Football | Cricket | Rugby Union | Rugby League | Tennis | Golf | Motorsport | Boxing | Athletics | Snooker | Horse Racing | Cycling | Disability sport | Olympics 2012 | Sport Relief | Other sport...

Help | Privacy & Cookies Policy | News sources | About the BBC | Contact us