Hicks, DIC Talks Reportedly Continue For Liverpool Stake
 |
DIC Expected To Acquire Gillett's
Liverpool Shares Next Month |
Discussions "will continue" between English Premier League (EPL) club Liverpool co-Owner Tom Hicks and Dubai Int’l Capital (DIC) over the coming weeks, despite Hicks’ “vehement insistence last night that he is not about to sell his stake in the club,” according to Oliver Kay of the LONDON TIMES. Hicks and DIC “remain some way apart on various issues, not least on Hicks’s wish to be seen as the senior partner in any coalition.” DIC is expected next month to purchase Liverpool co-Owner George Gillett's 50% stake in the club in the "first phase of a takeover process.” Sources said that Gillett has "'all but disappeared,' ... declining to put his name to Hicks’s frequent statements and making clear to DIC his willingness to sell" his stake (LONDON TIMES, 2/27). In London, David Bond writes it is “understood Hicks, who under the terms of their joint ownership has first refusal on Gillett’s shares, has been trying to raise the money to buy his partner out in recent weeks.” (London TELEGRAPH, 2/27). A DIC source said of Hicks’ insistence that he will not sell the team: “If he’s not interested in selling, why is he still talking to us?” (London INDEPENDENT, 2/27).
ARSENAL: Red & White Holdings co-Owner Alisher Usmanov said that he has “no plans to acquire more than a 25[%] stake” in EPL club Arsenal. Usmanov, who would be “compelled to make an offer for the club if his stake reached 30[%],” previously said that he “wanted to own the team.” Arsenal directors, who “control almost 46[%] of the club, have pledged not to sell their shares to anyone outside of close family until April 2009” (BLOOMBERG NEWS, 2/27).
|
Related Stories By Company
|
Related Stories By Sport
|
EPL Clubs Divided Over China TV Rights
November 13, 2009 :
SportsBusiness Daily
Liverpool Eye Naming Rights For New Stadium
November 9, 2009 :
SportsBusiness Daily
Chelsea May Sell Stadium Naming Rights
November 6, 2009 :
SportsBusiness Daily
Liverpool Signs Deal With 188BET
November 4, 2009 :
SportsBusiness Daily
Soccer Franchise Notes
November 4, 2009 :
SportsBusiness Daily
|
Catching Up With RSL President Bill Manning
November 20, 2009 :
SportsBusiness Daily
MLS Commish Sits For Wide-Ranging Q&A
November 20, 2009 :
SportsBusiness Daily
Will Handball Harm Henry's Marketability?
November 20, 2009 :
SportsBusiness Daily
Hansen Formally Buys 49% Stake In RSL
November 19, 2009 :
SportsBusiness Daily
Would RSL Win Create Issue For MLS?
November 18, 2009 :
SportsBusiness Daily
|
|
