DIC won’t sheikh loose with cash to buy Liverpool

I have been so distracted with the stupid US election, I just saw this:

REUTERS UK reports:

DUBAI (Reuters) – Dubai International Capital (DIC) ruled out on Monday a fresh bid for Premier League football club Liverpool (LFC) or other clubs and said it was not aware of any other interest from the Gulf Arab emirate.

“DIC can confirm that it is not involved in any negotiations to buy LFC and is not planning a fresh bid for LFC or any other football club,” the investment fund, owned by the ruler of Dubai, said in a statement.

Speculation has mounted that Gulf Arab investors would look to emulate an Abu Dhabi-based group that took over Manchester City on Sept 1 by buying into football teams.

“Nor is DIC or any other Dubai-based party aware of any consortium or vehicle involved in a bid,” the firm said.

Newcastle United owner Mike Ashley said on Sunday he had put the Premier League club up for sale after falling foul of the fans following coach Kevin Keegan’s resignation.

Talks earlier this year between DIC and Liverpool co-owners Tom Hicks and George Gillett ended in deadlock.

(Reporting by Jason Benham and John Irish)


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