This arrangement would be in the best interests of the club and their loyal fans'
Paolo Bandini
Dubai International Capital look set to buy into Liverpool football club at last after confirming they would be willing to enter into a power-sharing agreement with current co-owner Tom Hicks.
Under a proposed deal that will be discussed by all parties in Dubai next week, Hicks, who currently owns 50% of all shares in Liverpool, would become the club's majority shareholder by buying a further 1% from current co-owner George Gillett, while DIC would buy Gillett's remaining 49%. DIC had been hoping to achieve overall control, but Amanda Staveley, a senior partner at DIC's advisers, the private equity firm PCP Capital Partners, has now said they are willing to accept the current proposal.
"Subject to renegotiation of a partnership agreement and subject to the usual stringent minority shareholder protection rights, we would be prepared to accept a 49% shareholding," said Staveley. "We have decided that this arrangement provides the best possible solution to the situation and would be in the best interests of the club and their loyal fans."
Under a proposed deal that will be discussed by all parties in Dubai next week, Hicks, who currently owns 50% of all shares in Liverpool, would become the club's majority shareholder by buying a further 1% from current co-owner George Gillett, while DIC would buy Gillett's remaining 49%. DIC had been hoping to achieve overall control, but Amanda Staveley, a senior partner at DIC's advisers, the private equity firm PCP Capital Partners, has now said they are willing to accept the current proposal.
"Subject to renegotiation of a partnership agreement and subject to the usual stringent minority shareholder protection rights, we would be prepared to accept a 49% shareholding," said Staveley. "We have decided that this arrangement provides the best possible solution to the situation and would be in the best interests of the club and their loyal fans."
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utusanLFC:
bloody hell. What on earth does this cowboy wants with LFC? Simply money? No regards of what the fans are thinking of him? bloody stupid
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