Re: Liverpool Thread
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Liverpool owners Tom Hicks and George Gillette have gone back on their word and sold the club to Arab company DIC.
The two Americans recently announced they would not sell their shares in the club, but a meeting with Dubai International Capital has already taken place and the deal is done.
The club has been sold for 375 million pounds, a deal that will give Hicks and Gillette $710 million - a $70 million profit.
The pair have never had a good relationship with the club from the start and a close family member to Hicks was heard in the board room saying they wanted out.
The outburst was after a home game last year when Hicks’ relative said: " They cannot wait to get rid of the club.
"They are sick and tired of it."
DIC were extremely close to buying Liverpool last February but Hicks and Gillett joined forces and outbid the Arab group.
The purchase was funded solely with borrowed money after the American’s asked the Royal Bank of Scotland for almost •300m to finance the deal.
The sale has been quick and the CEO of DIC Al Ansari, has already completed his due diligence.
The players and staff are fully aware of this as they were told prior to the Luton game.
Manager Rafa Benitez has kept his job but he has to bring in an assistant and sources have confirmed this to be Gary McAllister.
Liverpool’s Chief Executive Rick Parry will be forced to ’step down’ after offending DIC members last year.
The new owners will bring in David Dein as Parry’s replacement.
Unless players are sold there is no money available for transfer’s in the remainder of the January window.
But the summer will see massive player investment from DIC, believed to be in the region of 85 million plus whatever is made from player sales.
This could see a transfer budget of around 115 million.
BY KARL WALDERMAN
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