Liverpool considers takeover move by Asian group

Liverpool FC is reportedly close to accepting a £450 million deal which will allow a West Asian, Dubai-based consortium to take control of the Premier League club. According to the Soccer Investor, while American billionaire George Gillett and property tycoon John Miskelly are also thought to be keen on a takeover, the Dubai International Capital group will be permitted to begin the due diligence process this week. The proposed deal will include £200 million to build a new 60,000-capacity stadium.

Although the due diligence process gives DIC exclusive rights to study the accounts of Liverpool in order to finalise a deal, it is unclear whether it would be a full-scale takeover by DIC, or whether they would take over from chairman David Moores as majority shareholders.

DIC is run by chief executive Sameer Al Ansari and owns the Madame Tussauds Group and the Travelodge hotel chain as well as one third of the London Eye. The company is an investment arm of Dubai Holding, which is owned by Dubai Crown Prince Sheikh Mohammed bin Rashid Al Maktoum.

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