Monday, May 3, 2010

Liverpool is on DIC radar.Would DIC be lucky third time?

DUBAI International Capital are closing in on a £500million buy-out of Liverpool as manager Rafa Benitez prepares to join Juventus.

It will be all change at Anfield over the coming weeks with unpopular American owners George Gillett and Tom Hicks relinquishing control and the club being forced to find a new boss.
In fact, the search for a new manager is already under way, with high-ranking Liverpool officials aware that Benitez has verbally agreed to join Serie A side Juventus at the end of the season on a £4.5m four-year deal.

Now it’s just a case of the Italians agreeing compensation with Liverpool for Benitez to end his ­ six-year reign on Merseyside.
There will also be a major upheaval in the boardroom with DIC, the investment arm of Dubai’s ruling family led by Sheikh Mohammed bin Rashid Al Maktoum, the front runner in the process to agree a deal with Gillett and Hicks.
DIC attempted to purchase the club in 2007 when major shareholder David Moores declared he was open to offers but then former chief executive Rick Parry recommended a sale to the Americans.
They were also in negotiations a year later to buy Gillett’s 50 per cent shareholding only for talks to break down.
Now it could be third time lucky for Sheikh Mohammed, a regular visitor to this country through his passion for horse racing.
DIC will also commit funds to build the much-anticipated new ground and make a considerable sum of money available for transfers.
Prominent in the discussions is DIC chief and self-confessed Liverpool fan Sameer Al Ansari.

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