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Liverpool 'nearing takeover deal' | Liverpool 'nearing takeover deal' |
(30 minutes later) | |
Liverpool are reportedly close to accepting a £450m deal which will allow a Dubai-based consortium to take control of the Anfield club. | Liverpool are reportedly close to accepting a £450m deal which will allow a Dubai-based consortium to take control of the Anfield club. |
The Dubai International Capital group will be allowed to begin the due diligence process this week, according to reports in Monday's newspapers. | The Dubai International Capital group will be allowed to begin the due diligence process this week, according to reports in Monday's newspapers. |
American billionaire George Gillett and property tycoon John Miskelly are also thought to be interested in a takeover. | American billionaire George Gillett and property tycoon John Miskelly are also thought to be interested in a takeover. |
The proposed deal will include £200m to build a new 60,000-capacity stadium. | The proposed deal will include £200m to build a new 60,000-capacity stadium. |
The due diligence process gives DIC - a subsidiary of the government-owned Dubai Holdings - exclusive rights to study the accounts of Liverpool with a view to finalising a deal. | The due diligence process gives DIC - a subsidiary of the government-owned Dubai Holdings - exclusive rights to study the accounts of Liverpool with a view to finalising a deal. |
The details of the deal are not known, and it is unclear whether it would be a full-scale takeover by DIC, or whether they would take over from chairman David Moores as majority shareholders. | The details of the deal are not known, and it is unclear whether it would be a full-scale takeover by DIC, or whether they would take over from chairman David Moores as majority shareholders. |
But the news will concern those worried about the number of Premiership clubs currently in the hands of foreign owners. | But the news will concern those worried about the number of Premiership clubs currently in the hands of foreign owners. |
Manchester United, Chelsea, Aston Villa, Portsmouth and Aston Villa have all gone through high-profile takeovers by foreign owners in recent years. | Manchester United, Chelsea, Aston Villa, Portsmouth and Aston Villa have all gone through high-profile takeovers by foreign owners in recent years. |
DIC is run by chief executive Sameer Al Ansari and owns the Madame Tussauds Group and the Travelodge hotel chain as well as one third of the London Eye. | |
The company is an investment arm of Dubai Holding, which is owned by Dubai Crown Prince Sheikh Mohammed bin Rashid Al Maktoum. | |
The Al Maktoum family are internationally renowned for their running of the Godophin horse racing stables. | |
Liverpool have been linked with other takeover bids in recent years. | |
In 2005, American billionaire Robert Kraft - owner of the New England Patriots NFL team - was linked with a bid for the club. | In 2005, American billionaire Robert Kraft - owner of the New England Patriots NFL team - was linked with a bid for the club. |
And in 2004 Thaksin Shinawatra, then Prime Minister of Thailand, made a high-profile bid to take control of the club. | And in 2004 Thaksin Shinawatra, then Prime Minister of Thailand, made a high-profile bid to take control of the club. |