Eskimo

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possibly cos Moores doesn't want to and or he want's out.

Looking at that you get the impression that Gillett was the prefered option all along but they had issues with his finances, that is until this Hicks fella stepped up. Although that doesn't explain the bigging-up of DIC well actually it does if they were the only other viable option

vote of no confidence?

Doesn't appear to have been mentiond before but Maktoum is one of many shareholder in Belgravia, the mob who were looking at Newcastle..

Breakdown of trust caused shock collapse of Dubai deal By David Bond Last Updated: 4:04am GMT 01/02/2007Page 2 of 3 Comment on this story Read comments DIC expected the meeting to be a rubber-stamping exercise ahead of a formal announcement on Monday, following the game against Everton on Saturday. As far as DIC were concerned, the deal would be approved with Moores agreeing to irrevocably sell his shares. What they didn't know was that the board meeting had been called to seriously consider whether to change horses and instead give more serious consideration to Gillett's revised offer. The first DIC knew about the reason for the meeting was when The Daily Telegraph called the company's financial PR advisers, Brunswick, to ask for a comment on the latest twist in the story. Once it became clear the meeting had not recommended their bid, as expected, DIC executives tried to clarify the position with Moores and Parry. But sources claim they could not get a straight answer. advertisementTheir frustrations grew even more acute when Rabih Khouri, who was leading the DIC negotiations on behalf of Al Ansari, failed to pin down Moores and Parry despite travelling to see them in person at the game against West Ham at Upton Park. The failure to get a satisfactory response led them to angrily withdraw their bid. Liverpool dismiss DIC's version of events, saying the board had grown frustrated at the time it was taking them to complete due diligence and table their formal bid. There were also serious concerns raised after a DIC business plan detailing how they might look to offload the club after seven years was leaked to The Daily Telegraph just after Christmas. "It was becoming clear that maybe DIC weren't the partners we were looking for," said a Liverpool insider. They had better hope the 70-year-old Gillett turns out to be the real deal instead. Having seen bids from Morgan and the now exiled former Thai Prime Minister Thaksin Shinawatra collapse in the last three years, this is a gamble the club cannot afford to lose. LINK

I'm still not sure what to think/believe after reading that. Granted nobody like being forced into a corner but all bar the shouting it looked like the DIC deal was done and dusted and I quote "It is looking positive and yes, I am confident it will go through".

Forget that the worry is the last bit about underwriting the stadium..

so in other words they have money

I know, but Dubai Holdings has interests in 100's of companies (judging from the Zawya report I'm looking at) so suggest that the group doesn't have cash reserves is incorrect, or is it a case that these subsidiaries don't in fact generate a profit for the holding company? BTW this has owt to do with whatever proposals they had to obtain funding for the takeover..

also true but I know I would feel a lot better knowing that a safety net exists, whether its used or not..

true but should things go t*** up under Gillett where will the money come from to bail us out? if's and but's I know..

DIC is a subsidiary of Dubai Holdings you saying they don't have any money?

nicked from RAWK nicked from TWL...intersting read

bloody hell that's quick, not more than 6 hours ago they were set to buy us..

Hockey can be more about real estate than Stanley Cups. George Gillett, who owns the Montreal Canadiens and the Bell Centre, leveraged his building this summer when he borrowed $240 million in part to pay himself a $72 million dividend. Gillett used the Bell Centre to secure the loan. The Bell Centre cost $190 million to build and opened in 1996. The huge, unprecedented dividend guarantees Gillett a large return on the $181 million he paid for 80% of the team and 100% of the arena in 2001. HERE

oh bollix

I know we don't know the inn's and out's so I guess its a vote on gut feeling..

same thing they have been saying for weeks..

Liverpool Football Club has noted today's announcement by Dubai International Capital. The process of seeking new owners for the club is still underway and a decision on the future will be taken in the next few days. WTF from the offal

Gillett close to Liverpool deal The American entrepreneur George Gillett could win the battle for control of Liverpool within days, leading to concern among fans. Some supporters fear Gillett could be Liverpool's equivalent of Malcolm Glazer at Manchester United, buying the club and allowing his family to run it. But Gillett has gazumped Dubai International Capital - who withdrew their own bid - and is now the only player left in the race for control of the club. It is expected his offer to chairman David Moores will be made this week and quickly agreed. A Liverpool spokesman said: "There is a process underway with Mr Gillett, and a decision can be expected in the next few days." Sources close to the club expressed confidence that a deal with Gillett is now imminent. As well as offering more money, the clincher has been that Gillett now accepts that Liverpool will not share their new stadium. The directors and major shareholders have also been impressed by the speed with which he has carried out due diligence investigations. The length of time taken by DIC to study the accounts had created some nervousness within the club. Moores had been preparing to give DIC a formal response late on Wednesday afternoon, but the Dubai group did not wait to hear it before pulling out. Club fans were confused and worried about the turn of events, with many message boards full of attacks on Moores for the way the Dubai deal broke down. It is also believed that the Dubai organisation were furious with the way Tuesday night's Liverpool board meeting developed, expecting approval for their bid. Les Lawson, spokesman for the Liverpool Supporters' Club, said: "I must admit to being surprised. We had come to terms with the Dubai bid and what it entailed, and the fans accepted that they were fans of the club of long standing and understood the history and heritage of Liverpool. "Then Gillett comes along and muddies the water. We are worried now about the future and the fact that the Dubai bid had gone on so long and now we are in another period of uncertainty. "This has been going on for years. Surely it should have been clear by now what the Dubai people wanted. "The Dubai group were big fans, but we do not know too much about this guy, who it seems has tried to buy other clubs. "The Dubai deal had been sold to us as being one from people who understood the traditions and heritage of the club. Rick Parry (chief executive) said that was one of the key issues, that the Dubai people did appreciate our history. "Now we are going to have to wait and see what Gillett wants and does in the future." From teamtalk..