LFC Talk


DIC in strong position by lfctalk
September 4, 2008, 11:26
Filed under: News

Tom Hicks’ position at Anfield looked under increasing threat as the takeover at Manchester City moved closer to completion.

Dubai Investment Capital (DIC) believe that without the £25m income from the Champions League each season, Hicks and Gillett cannot afford to continue as owners at Anfield.

Now that City have such financial strength, Liverpool’s position at the top table of European football looks under threat, and the American’s bankrollers – Royal Bank of Scotland (RBS) and Wachovia – allowing a six month extension to the loan.

The Royal Bank of Scotland can be sure of the stance of Liverpool supporters after the Spirit of Shankly (SOS) group encouraged fellow Reds to close their accounts with the bank if they grant an extension to 25 January 2009.

Whether or not RBS’s stance will be affected by the increased risk to Liverpool’s place in the Champions League from Manchester City’s new found wealth, but the money generated accounts for two-thirds of the interest on the loan. If City take away this Champions League place and the money it brings it would give the American’s more difficulty in paying the loan back. City’s wealth, which the Americans know they cannot match, has put Liverpool’s long-term future in Europe’s premier competition under serious threat.

City’s new-found investment has kicked Liverpool supporters when they were already down. Just three days after learning that Hicks and Gillett were delaying building of the new stadium, they learnt of this investment. Also, City’s new owner is married to the daughter of the man DIC are working for. Also, Amanda Staveley, of PCP Capital Partners, has been acting on behalf of both City’s investors and DIC. She did confirm that DIC are still in contact regarding the club and that “The Liverpool situation is ongoing.”

RBS are fully aware of DIC’s interest, and their impending offer, and as the American’s owe them so much they can insist on the bid being accepted.

Liverpool supporters everywhere will be hoping they do…and quickly.

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