DIC closing in on Liverpool takeover

24 Apr 2008

By: Sport Industry Group

Dubai International Capital’s takeover bid for FA Premier League club Liverpool is close to completion according to the club’s chief executive Rick Parry.

Parry stated at the weekend that he expected the takeover to be completed ‘relatively quickly’.

‘A huge amount of work has been going on, we'll have something to say soon,’ he said. ‘Yes, the deal is looking positive and yes, I'm confident it will go through. This will take us to the next level.

‘But it's not a quick fix, a rich man's plaything. It's a long-term model for success, based around the new stadium.’

DIC, the investment arm of Dubai's government, has been in talks with the Anfield club for the past six weeks about a possible buy-out.

The move is one of a number of similar investments from foreign owners for FA Premier League clubs with Liverpool following the likes of Manchester United, Chelsea, Portsmouth and more recently West Ham in selling to foreign investors.