DIC: No early Liverpool sale, transfer cash available

December 28, 2006

Liverpool's potential new owners Dubai International Capital have rubbished reports they would sell the club in seven years.

Dubai International Capital are in talks about a £450million takeover.

But they issued a statement responding to rumours they would only be in charge until around 2014.

They said: "DIC has not yet formally made an offer, never mind completed a deal. Certainly there are no plans to exit an acquisition we have not even bought yet.

"What DIC is doing is planning to make sure that, if a deal is done, Liverpool has the best possible funding in place going forward under DIC stewardship.

"This is particularly important as we would need to get on with the stadium early in 2007 and it takes time to sort out the necessary financing.

"This is also important in terms of making sure cash is available for the ongoing strengthening of the squad.

"DIC is a very serious investor with considerable resources at its disposal.

"We believe we understand the responsibilities that come with owning Liverpool Football Club.

"DIC has made it clear that, should a deal be concluded, it would not interfere in the day-to-day running of the club."

credit: tribalfooball.com

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