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Liverpool 'nearing takeover deal' Liverpool 'nearing takeover deal'
(about 1 hour 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.
606 DEBATE: Your views on Liverpool's future
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.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 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.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.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.