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Tom Hicks
Terminates DIC Talks
Email us your
thoughts newanfield@btinternet.com
"Based on a meeting
held earlier today in
Dubai between my
representatives and
officials of Dubai
International Capital
LLC, as well as other
recent contacts between
us and them, I have
decided to terminate any
further discussions with
DIC regarding their
possible purchase of a
minority stake in Kop
and, in turn, in the
Club.
"DIC made it clear
that if they invested in
the Club, they would want
it to be managed by
committee. Based on my
thirteen years of
successful experience as
an owner of professional
sports teams, and based
in particular on the
situation at Liverpool
Football Club over the
past year, it is clear to
me that such a committee
approach would not be in
the best interest of Kop,
of the Club or of the
Club's loyal and
passionate supporters.
"Accordingly, I have
decided to exercise my
right under the Kop
Football (Holdings)
Limited partnership
agreement to veto any
sale of any portion of
Kop and the Club to DIC.
"I and my colleagues
and representatives will
continue to explore a
number of other options
with regard to the
ownership of Kop and the
Club aimed at achieving
an appropriate ownership,
financial and
organizational structure
for Kop and the Club over
the long term."
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