Oliver Kay
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The ownership crisis at Liverpool threatens to drag on after it emerged last night that Tom Hicks and George Gillett Jr have rejected an initial proposal of a £300 million offer for the club from Dubai International Capital (DIC).
Hicks and Gillett are prepared to listen to offers for Liverpool less than a year after buying the club, but contrary to suggestions that another takeover is imminent, the American tycoons have already rejected the informal bid from DIC with Hicks’s approach to negotiations raising serious doubts over whether a deal can be struck. Rather than be forced into a quick sale, they plan to proceed tomorrow with a £350 million refinancing plan that will help to stabilise their regime, at least in the short term, and strengthen their bargaining position.
News of the Americans’ intransigence will unsettle Rafael Benítez, who has little chance of keeping his job as manager under the present regime, and also Liverpool supporters, who have made clear their disapproval of the owners. Many fans welcomed the Americans with open arms at the time of their takeover last February, but there will be angry demonstrations against them when Liverpool take on Aston Villa in the Barclays Premier League in front of the television cameras this evening.
Liverpool will wait to see what effect the Americans’ refinancing plan and their apparent intransigence has on DIC, which is regarded by many at Anfield as potential “saviours” of the club. There is a widespread feeling at all levels of the club that it was a serious mistake to sell to Hicks and Gillett last February and there is concern that DIC, the private-equity investment arm of the Dubai Government, could be priced out of the bidding for a second time because of an unrealistic valuation placed on the club by the owners. That valuation of Liverpool is based on a belief that the club will be worth almost £1 billion once the new 70,000-capacity stadium is built.
Responding to reports that he had agreed a deal to sell the club to DIC, Hicks issued a statement last night. “I have not received any offer to purchase the club from DIC or anyone else, much less accepted any offer,” he said. “Nor do I have any intention of doing so. Whoever is behind this false report, the facts are that I and my family remain fully committed to co-owning the club, that no one in my family has ever indicated any intention or desire to sell our stake in the club and that we expect and intend . . . to actively and enthusiastically support the club’s manager, players and fans for many years to come.”
The picture painted by Hicks’s statement is unrealistic, with sources in his camp indicating that informal negotiations are taking place with DIC. There have been many conversations between the two parties for the past fortnight, most recently on Saturday, but DIC is understood to be concerned by Hicks’s approach, sensing that the Texan has no intention of selling unless he and Gillett make a huge profit. Their initial proposal — not a formal offer — was dismissed out of hand, with the parties poles apart in their valuation of the club.
After Everton’s 2-1 victory away to Wigan Athletic and Manchester City’s 1-1 draw with West Ham United yesterday, Liverpool lie sixth in the table before tonight’s match against Villa. The Midlands club are also under American ownership, but Martin O’Neill, their manager, has only praise for Randy Lerner, the Villa owner.
“Villa is not a plaything and he is really genuine about this club, as you can see from the things that are going on,” O’Neill said.”
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the yanks out they are cowboys,rafa has done well with the peanuts hes been given compared to man utd and chelsea,hicks out dic in.the americans are not wanted at our club.dic are the way forward for us,please sell yankies.
mr s a daniel, sussex,
Mr King, £150 million to spend?
Ridiculously bad shout, liverpool haven't bought anywhere close to £150 million pounds worth of players since the americans came in, your "around" (as you call it) £100 million pound out, but thats not important, you make somewhere "around" a good point, and as long as you are "around " the truth who cares?
5.
18.
Stewpot, Liverpool,
Trev makes some good points which are not clouded by emotion. Liverpool have fallen behind the top 3 despite serious backing from their owners and are on a par with teams that have spent far less than themselves. This has to do with management at the playing rather than boardroom level. Couple of other more light-hearted points:
1. If winning the champs league makes a club European Champions then does winning the FA Cup make a club English Champions?
2. If DIC buy Liverpool, pay off their debt, spend more millions on players and they then win the premiership, will Liverpool have bought the league and (amusingly) become Liverpoolski?
Patx, Brisbane,
When the management make no provisions for change, like newcastle, the board get stick, when they do, like liverpool, they still get stick.
If the fans get their way it will look like Rafa is untouchable, heaven help pool fans then! LOL
As for super cups????? This competition is nothing more than a charity shield for europe.
Benayoun, Pennant, Babel and about 5 below par spainards - most succseful club in Europe this decade LOL the Barca, Milan and Real fans must be rolling on the floor.
Anthony, London,
Comparing all these cup statistics proves NOTHING. Liverpool fans, players, manager and owners all KNOW that LFC are miles behind Man U., Chelsea and Arsenal let alone these European clubs. Holding up the history books like holy relics does not convince anyone that they are actually closer in playing terms to Aston Villa than to Manchester United and that this year's challenge is for a Champions League place and not a title. If not careful next year's might be for a UEFA spot. Beware - Rafa has not mastered English football and a lot of his players are not that good.
MB, Aberdeen,
Well said Trev in Perth. Liverpool appear to have delusions of grandeur as they have won more league titles than anyone else. The fact that the last one was about 18 years ago seems to be lost on most LFC fans.
These American owners do appear to have the direction of a rudderless ship but they have back Rafa in almost all of his buys. Is it not Rafa's rotation and tactics that should be under question? Apparently not.
And Adam in London. I think AC Milan (remember them) would be considered the most succesful club on the Euro stage this very short century. Getting to a final is not a measure of success and Supercups are not something you tell the grand kids about in 40 years because nobody cares about them.
James, London,
I think everyone blaming LFC's woes on the yanks is hiding from the obvious. The "Yanks" gave Benitez about £150 to spend, and where has it gotten them? Struggling. Look at the teams that surround Liverpool in the table; Everton, Man City, and Aston Villa; none have spent even a fraction of what Benitez has been given. The problem is NOT the Yanks; the problem is the lack of cash flow due to exceptional buying that isn't backed by results. Get rid of Raffa, and bring LFC some notoriety World-wide. Sales will go up, and the club can flourish.
Mr. King, Manchester,
Trev. Stick to Aussie Rules, or NRL or cricket because quite clearly you have no clue when it comes to football. In terms of trophies won and finals competed in, (1 CL win, 1 Final, 1 UEFA Cup win and 2 Super Cup wins) Liverpool are the most succesful club in Europe this decade. Nobodys denying that we're not where we want to be in the Premeiership but to call LFC a top 6 hopeful is quite frankly risible. If this is a club lacking direction, there are some really lost insitutions out there
Adam, London,
If the Yanks want to make profit make the offer in sterling and get rid of the heartless yanks for good
Jas, West Midlands,
"Liverpool has also lost it's direction, from being one of Europes elite clubs to being a top 6 premiership hopeful." Trev do you actually follow "soccer?" When was the last time Liverpool did not qualify for the champions league? Name a more successful English team in the champions league over the last four years?
Yes the takeover situation is not ideal and yes LFC should be closer to the top of the premiership, however if we capitalise on our two games in hand it would leave us 9 points behind United and Arsenal, which although will be difficult is definitely not impossible.
FA cup - still competing, Champions League - through to the last 16. Does this really signify a lack of direction Trev? I don't think so.
Tom , London, UK
Ban foreign owners.
Limit foreign players.
Give managers security of tenure.
Don't serve prawn sandwiches.
John, Wirral, Merseyside, UK
Go!! you yanks for the love of God and the good of the club GO!!!!!
yoaki, liverpool, uk
I think the most important part of this report was the fact that Liverpool are now 6th .Two places behind Everton. If after the Villa match tonight Liverpool are not 4th again the pressure on all that is Liverpool will be intense .
Liverpool have spent big , some may say poorly .Liverpool has also lost it`s direction, form being one of Europe`s elite clubs to being a top 6 premiership hopeful .
If it`s owners see the club as a commodity and an investment vehicle then the future for Liverpool is looking grim , because it`s stock is falling and that`s not good business .
Trev, Perth, WA / Australia