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Takeover Saga,
The Full Story
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thoughts newanfield@btinternet.com
Here is report from Feb 2007
Titled the 24 hours that changed Liverpool FC forever
American tycoons George Gillett and Tom Hicks have reached an agreement to take over Liverpool.
Hicks and Gillett will be co-chairmen but will leave existing chief executive Rick Parry to run the club.
Liverpool chairman David Moores, who will become an honorary life president, said: "This is a great step forward for its shareholders and its fans."
The pair, who each own NHL ice hockey teams, beat off competition from Dubai International Capital
Their offer is worth £5,000 per share, valuing the club at £174.1m, and along with the club's £44.8m debt it values the club at £218.9m.
But the pair are also believed to have guaranteed to invest over £200m in the club, but they refused to discuss figures.
They confirmed they will make funds available, both for team strengthening and the building of the club's new stadium in Stanley Park and denied they had secured the club on borrowed money.
"We have purchased the club with no debt on the club," said Gillett. "We believe in the future of the club, the future of the league, the new TV contracts are outstanding and we are proud to be a part of it. This is truly the largest sport in the world, the most important sport in the world, and this is the most important club in the most important sport in the world."
"What a privilege we have to be associated with it and we hope that with the good graces of Rick and his team that we will have on-the-pitch success and economic success."
They said the club would consider selling the naming rights to the new stadium.
Gillett added: "If the naming rights are worth one great player a year in transfer spending, we will certainly look at that as a serious option."
But both Gillett and Hicks vowed to safeguard the legacy of the club and leave Parry and manager Rafa Benitez to do their jobs.
Feb 2 2007
GEORGE Gillett jnr and Tom Hicks took only a day to thrash out the deal that will hand Liverpool FC into American control.
End this mess says Morgan
Feb 2 2007
LIVERPOOL'S third largest shareholder Steve Morgan today called on the Anfield board to end the heartache and uncertainty brought about by the collapse of the Dubai ownership bid.
Feb 2 2007
DUBAI International Capital today launched a scathing attack on Liverpool's conduct, saying chairman David Moores had made a bewildering and shocking decision.
US billionaire joins Gillett in Anfield Bid
Feb 2 2007
A SECOND American tycoon has joined forces with US mogul George Gillett in a bid to take control of Liverpool FC.
Moores only has club’s best interests at heart
Feb 2 2007
DAVID MOORES has been painted as everything from a ditherer to a shady spiv on the make this week.
Trust us
Feb 1 2007
LIVERPOOL chief executive Rick Parry today (Thursday) appealed for the fans’ trust as the club pressed ahead with George Gillett jnr’s Anfield takeover.
‘Don’t mess with the club I love’
Feb 1 2007
BRIAN BARWICK has offered to give the new Anfield owners a crash course in the heritage and history of Liverpool Football Club.
Gillett: the perfect choice for Reds or best a club can get?
Feb 1 2007
North West Sports Reporter of the Year CHRIS BASCOMBE on collapse of Dubai deal and challenge to keep fans onside
LFC would be in safe hands
Feb 1 2007
GEORGE Gillett once went bankrupt to the tune of nearly $1bn, but the men who know him say LFC is in safe hands.
US mogul poised to buy LFC as sheikh backs out
Feb 1 2007
AMERICAN tycoon George Gillett could be in control of Liverpool FC within days, after takeover rivals Dubai International Capital dramatically pulled out of negotiations last night.
US tycoon set to take over reins at Anfield
Feb 1 2007
A DRAMATIC and potentially far-reaching day in the long history of Liverpool Football Club ended yesterday with an American sports tycoon poised to take over the club.
Sports fanatic believed to be worth $860m
Feb 1 2007
AMERICAN businessman George Gillett Jnr, the prospective owner of Liverpool FC, is no stranger to major sports.
DIC’s shock move hands all the cards to Gillett
Feb 1 2007
YESTERDAY’S announcement by Dubai International Capital that it is withdrawing its offer to buy Liverpool Football Club leaves all the cards in the hands of rival bidder George Gillett.
Angry LFC fans speak out
Feb 1 2007
LIVERPOOL fans last night expressed their concern about the club and its stadium plans with many message boards full of attacks on David Moores for the way the Dubai deal broke down.
LFC: we're taking US buy-out bid seriously
Jan 31 2007
LIVERPOOL FC today confirmed that American businessman George Gillett is a serious rival to Dubai International Capital's bid for control of the club.
Liverpool break silence on move by American tycoon
Jan 27 2007
LIVERPOOL Football Club last night confirmed they had received an approach from American businessman George Gillett.
Reds brush off Gillett interest
Jan 25 2007
LIVERPOOL sources have insisted that "it doesn't matter" if George Gillett assesses the club's books or not as they are looking to proceed with their deal with Dubai International Capital.
Club takeover 'within weeks'
Jan 25 2007
LIVERPOOL sources last night insisted that the takeover of the club by Dubai International Capital could be confirmed “within weeks,” despite counter-claims that American bidder George Gillett was about to start an examination of the club’s books.
US bid delay to Anfield takeover
Jan 22 2007
George Gillett Jnr, owner of the Montreal Canadians Ice Hockey club, is understood to be ready to delay the imminent Dubai International Capital takeover by reigniting his interest.
LFC still waiting for new owners
Jan 17 2007
THE takeover of Liverpool FC remains on course but is not expected to be completed until the end of the month or even early February.
Liverpool takeover a step closer
Jan 16 2007
LIVERPOOL FC is on the verge of agreeing a £156m takeover by the investment arm of Dubai's government.
Quick takeover of LFC by Dubai investors expected
Jan 15 2007
LIVERPOOL FC chief executive Rick Parry yesterday revealed he expected the club's takeover by investors from Dubai to be completed "relatively quickly".
'No Liverpool sell-off planned' by Dubai investors
Dec 28 2006
SOURCES close to the Dubai company poised to buy Liverpool FC last night denied claims it was already drawing up plans to sell the club within seven years.
Reds’ seventh year sell-off claims
Dec 27 2006
DUBAI investors could sell Liverpool FC in seven years time, according to reports today.
Parry: Club won't be a 'plaything'
Dec 14 2006
LIVERPOOL chief executive Rick Parry insists the club will not become a "rich man's plaything" if the prospective takeover by Dubai International Capital (DIC) goes through.
Gerrard is excited by takeover plans
Dec 14 2006
LIVERPOOL captain Steven Gerrard admits he is excited about the club's future as equity firm Dubai International Capital consider a £450million Anfield takeover.
Takeover will need to respect tradition
Dec 12 2006
LIVERPOOL fans may be relishing the prospect of being handed a substantial transfer kitty as part of the proposed Dubai takeover - but manager Rafael Benitez is right to warn that homegrown talent should not be ignored.
Prospective owners at Anfield to view their investment
Dec 11 2006
JAMIE CARRAGHER'S rare goal apart, all eyes at Anfield on Saturday were on the three Middle Eastern gentlemen in the directors box.
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