It is being reported today by both the BBC and The Observer that DIC have made a bid for the entire shareholding in Liverpool Football Club this morning.
Speculation has been increasing in recent weeks as the American co-owners have been struggling to refinance the club with a £350 million loan.
The American investors paid around £170 million for Liverpool 12 months ago, plus took over £40 million of debt. Since that time, investment on players and various other costs including fees related to the various plans drawn up on the new stadium have amounted to a current loan of around £260 million.
Some speculation has suggested that the Arabian Government investment group has offered around £500 million which would hand a profit of £120 million to each of the current owners but we believe that any offer would be nearer to the £350 million mentioned towards the end of last week.
DIC were priced out of the bidding last time around when they refused to move from £156 million to the eventual sale price of £170 million. They went as far as saying ‘We will not overpay on assets.‘
Both Hicks and Gillett have been widely criticised by Liverpool fans worldwide for their talks with Jurgen Klinsmann in Novemeber, their inability to travel to Liverpool regularly for important meetings, and for the embarrasing further delay in starting work on the stadium which has received the green light from both the local council and the Government.
DIC have not commented on their plans for a new stadium or a new manager although any succesful bid would almost certaintly lead to the departure of Rick Parry, who many at DIC blame for the failure to succesfully conclude the deal last February.