Business | Investment
DIC could buy less than 50% stake in Liverpool
The Dubai consortium battling for ownership of Liverpool may be willing to buy less than 50 per cent of the club.
- AP
- Published: 01:09 March 8, 2008
Manchester: The Dubai consortium battling for ownership of Liverpool may be willing to buy less than 50 per cent of the club.
Dubai International Capital (DIC) has changed its stance and is considering ceding to the demands of Tom Hicks that his co-owner George Gillett Jr. can only sell 49 per cent of the club - with Hicks wanting the final per cent for a majority stake - an executive said.
DIC was initially only interested in gaining a controlling interest, but is willing to settle for an initial partnership with Hicks at Anfield, with the long-term aim of taking full control.
Negotiations are now under way with Gillett to seal the deal.
Share this article
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
Shaikh Mohammad reaffirms UAE unity
Vice-President quashes talk of discord and reassures investors on the strength of Dubai's economy
-
Pizzazz on the palm: A Nikki Bisiker project
Bright, bold and ultra glam are the top notes of this apartment in The Palm Jumeirah's beautiful marina
-
flydubai starts service to Sudanese capital
Dubai's first low cost airline, celebrated its eighth inaugural flight in less than six months
