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| Version 5 | Version 6 |
|---|---|
| Reds confirm Dubai takeover talks | Reds confirm Dubai takeover talks |
| (about 1 hour later) | |
| Liverpool have confirmed exclusive talks are taking place with Dubai International Capital (DIC) about a possible takeover of the club. | Liverpool have confirmed exclusive talks are taking place with Dubai International Capital (DIC) about a possible takeover of the club. |
| DIC, the investment arm of Dubai's government, is thought to be nearing a buy-out of the club worth £450m. | DIC, the investment arm of Dubai's government, is thought to be nearing a buy-out of the club worth £450m. |
| Liverpool chief executive Rick Parry said: "This is the latest step on the road of finding the long-term investment that the club needs." | Liverpool chief executive Rick Parry said: "This is the latest step on the road of finding the long-term investment that the club needs." |
| DIC chief executive Sameer al-Ansari said: "We hope we can agree a deal." | DIC chief executive Sameer al-Ansari said: "We hope we can agree a deal." |
| Al-Ansari, whose firm has begun to examine the club accounts, added: "Liverpool's investment requirements are well publicised. | Al-Ansari, whose firm has begun to examine the club accounts, added: "Liverpool's investment requirements are well publicised. |
| "Hopefully this will provide us with the opportunity to fund its needs both on and off the pitch." | "Hopefully this will provide us with the opportunity to fund its needs both on and off the pitch." |
| 606: DEBATE class="" href="http://www.bbc.co.uk/dna/606/A17787883">This has to be good news for Liverpool. The club have no choice KO class="" href="http://news.bbc.co.uk/sport2/hi/606/default.stm">606: Have your say | |
| The proposed deal is expected to include £200m to build a new 60,000-capacity stadium. | The proposed deal is expected to include £200m to build a new 60,000-capacity stadium. |
| Parry added: "This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community. | Parry added: "This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community. |
| "On the pitch, Liverpool remains focused on winning and, here again, this is all about doing a deal that gives us the long-term resources to do that." | "On the pitch, Liverpool remains focused on winning and, here again, this is all about doing a deal that gives us the long-term resources to do that." |
| The due diligence process has begun, giving DIC exclusive rights to study the accounts of Liverpool with a view to finalising a deal. | The due diligence process has begun, giving DIC exclusive rights to study the accounts of Liverpool with a view to finalising a deal. |
| Both Liverpool chairman David Moores and Parry stayed behind in Liverpool while the team flew to Istanbul for Tuesday's Champions League match against Galatasaray. | Both Liverpool chairman David Moores and Parry stayed behind in Liverpool while the team flew to Istanbul for Tuesday's Champions League match against Galatasaray. |
| However, the deal is not expected to be concluded until the new year. | However, the deal is not expected to be concluded until the new year. |
| DIC owns the Madame Tussauds Group and the Travelodge hotel chain as well as one third of the London Eye. | DIC 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 and United Arab Emirates Prime Minister Sheikh Mohammed bin Rashid Al Maktoum. | The company is an investment arm of Dubai Holding, which is owned by Dubai Crown Prince and United Arab Emirates Prime Minister Sheikh Mohammed bin Rashid Al Maktoum. |
| Sheikh Mohammed, whose family is internationally renowned for its running of the Godolphin horse racing stables, is the world's fifth richest man. | Sheikh Mohammed, whose family is internationally renowned for its running of the Godolphin horse racing stables, is the world's fifth richest man. |
| 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. |
| The takeover news will concern those worried about the number of Premiership clubs currently in the hands of foreign owners. | The takeover 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. |