Liverpool close to finalising takeover

23 Apr 2008

By: Sport Industry Group

The recent spate of foreign interest in FA Premier League clubs shows no sign of abating with Liverpool on the verge of accepting a £450m takeover bid from a Dubai-based consortium.

According to media speculation, the Dubai International Capital group will be allowed to press forward with the takeover this week although there is still interest in the club from other parties including American billionaire George Gillett.

Assuming the Dubai-consortium get the go ahead, they will be allowed to begin the due diligence process which essentially enables the group access to Liverpool’s accounts with a view to finalising the deal.

It is thought that DIC’s bid includes £200m to build a new 60,000-seater stadium. DIC is a subsidiary company of the government-owned Dubai Holdings.