• Liverpool Message Board

  • voodoo_magic voodoo_magic Feb 13, 2008 00:39 Flag

    benitez on a knife-edge.... todays report in the sun

    Benitez on a knife-edge.


    Dubai Investment Capital are closing in on American George Gillett’s 50 per cent stake in the club.


    They are also confident they can strike a deal with Gillett’s Yank partner Tom Hicks for his 50 per cent — and that could spell the end for boss Benitez.


    If DIC finally seize control, Benitez will come under intense pressure to finish in the Premier League's top four and clinch a Champions League place for next season.

    A source said: "The Dubai investors are not convinced Benitez is the right man for Liverpool.

    "They have been far from impressed by his very public rows with the current owners and even less impressed with the way Liverpool are struggling for consistency in the Premier League.


    Like all foreign owners, they crave Champions League football, for financial and emotional reasons. If Liverpool failed to qualify for next season’s tournament, they would regard it as catastrophic.”


    Liverpool are currently struggling to pip Everton, Manchester City and Aston Villa to the key fourth spot.


    DIC’s long-running interest in capturing the Kop appeared doomed last month, as Hicks announced a £350million refinancing deal.


    Yet the name of Gillett was missing from the statement from Liverpool’s parent company, Kop Football Holdings, so the sheikhs made him their target.


    Benitez still enjoys massive fan support, after the 2005 Champions League triumph and reaching the 2007 final.


    But despite a £55m splash this season on stars like Fernando Torres, the 18-year wait for the league title looks no nearer ending.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • More stuff in the mirror today....expanding on the Scum story. I ripped this tidbit off the liverpoolfc.tv website BTW but thought you'd like to see the developments.

      "Liverpool are poised to change hands again - by the middle of next month - as the club's US owners close in on a double-your-money offer from Dubai.
      Despite denials from Tom Hicks and George Gillett, Mirror Sport understands that an outline agreement to transfer ownership of the Anfield giants to Dubai International Capital is in the pipeline.
      Sources in New York have confirmed that a £460million deal with DIC - the Dubai government's financial arm and headed by Sheikh Mohammed Bin Rashid Al Maktoum - is now on the verge of conclusion. Anfield fans will rejoice at the news that the two Americans' ill-starred reign is ending after a series of protests in recent weeks over their treatment of boss Rafa Benitez.
      Supporters have demanded a sale to DIC, who were jilted at the end of 2006 when the Liverpool board wrongly believed the deal with the Americans would safeguard the interests of the club. Hicks is expected to stay as part of the new club directorate in the immediate aftermath of the sale.

      The effective sale price is nowhere near the ambitious £1billion valuation Mirror Sport exclusively revealed was put on the club by Hicks in November. He and Gillett paid just £219m to take control of Liverpool from David Moores a year ago.
      One insider said: "These talks are still ongoing. Tom and George want to make sure they get the right price for giving up the club."
      Despite leaving Liverpool with a £350m debt, they will be able to walk away having made a substantial profit."

      There ya go...some good news, some bad news. Nothing really confirmed yet but looks like "something" is close to happening.

      • 2 Replies to eloader
      • The timing contained in the Mirror story ties in with my source, except I don't think DIC would allow the yanks to walk away with pocket full of money! My source suggests Gillete wants to continue relationship with DIC as he think he can provide a foothold for them to start in the US market. So he is willing to dilute his share in LFC if that means surrendering control at the club through a rights issue.

      • The timing contained in the Mirror story ties in with my source, except I don't think DIC would allow the yanks to walk away with pocket full of money! My source suggests Gillete wants to continue relationship with DIC as he think he can provide a foothold for them to start in the US market. So he is willing to dilute his share in LFC if that means surrendering control at the club through a rights issue.

    • Been reading about this online...apparently an anouncement is gonna be made on the 18th of this month...

      ...internet rumours are so cruel if nothing happens.

      and I thought a statement turned up on the RAWK website not originally in the sun...no idea, just gassing really.

    • Someone printed this article on LFC ONLINE and some people seemed interested in it untill they found it was from the "Scum" newspaper and then everyone wisely just took it at it is...... shite!

    • Anyone know if this is in any other paper other than the Sun. Sounds like more press stiring to me, but if its being reported elsewhere it might have some credibility. Besides I'd like to read the story, but won't go near that paper.