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    Reds owners living in 'dreamland'

    Gillett (left) and Hicks have become unpopular among Liverpool fans

    Liverpool's American owners have been accused of living in "dreamland" by the government-run Dubai investment fund interested in buying the Anfield club.
    Dubai Investment Capital confirmed on Tuesday it had been in talks with US duo Tom Hicks and George Gillett about purchasing a stake in the Reds.
    DIC chief executive Sameer al-Ansari said: "It's no secret that we have been in discussions with the current owners.
    "It's not easy because (they) are in dreamland about valuations."
    Al-Ansari later clarified that one of the club's owners "had come out of dreamland", without giving further details.
    Texan billionaire Hicks said last month he was not planning to sell a stake in Liverpool, denying media speculation he was in talks with DIC over a sale.
    He also revealed that Gillett could not sell his stake in the Premier League club without his approval.
    However, both Hicks and Gillett have become increasingly unpopular among Reds fans, drawing criticism for their treatment of manager Rafael Benitez and their financial management of the club.
    That has given fresh hope to DIC, who were considering buying Liverpool before the Americans joined forces to complete their own takeover in February 2007.
    Hicks said in January he had talked to DIC "once" about a 10-15% stake, but DIC said the valuation was too high.
    DIC are thought to want a controlling stake at Anfield, meaning they would need to convince Hicks to relinquish part of his 50% of the club as well as buying out Gillett.
    Another obstacle is the refinancing package announced on 25 January that has loaded £105m of debt on to the club.
    Of that, £60m is earmarked to kick-start the new stadium development at Stanley Park plus £45m for future player transfers and to meet the club's working capital needs.
    DIC, which manages about £6.5bn of assets, is owned by Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai.
    Al-Ansari was the man behind the takeover bid a year ago and looked to have succeeded until then Liverpool owner David Moores suddenly opted to sell to the Americans.
    "It took me two weeks to get over that," said al-Ansari, who is a Liverpool fan. "But it didn't dent my passion - I still go to every match when I'm here."
    Karl commenting on Maschaeroni's sending off, "Getting sent off like that is anti-TEAM!
    Terrible decision by the player!":busshead::Laugh&roll::Laugh&roll::eek::La ugh&roll:

  • #2
    Tell me something I dont know, more like crack land.
    THERE IS ONLY ONE ONANDI LOWE!

    "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


    "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

    Comment


    • #3
      yo notice mi use a common "x"?

      LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
      Karl commenting on Maschaeroni's sending off, "Getting sent off like that is anti-TEAM!
      Terrible decision by the player!":busshead::Laugh&roll::Laugh&roll::eek::La ugh&roll:

      Comment


      • #4
        I notice you use alot of things.
        THERE IS ONLY ONE ONANDI LOWE!

        "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


        "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

        Comment

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