Dubai investors dismiss rumours

Last updated : 29 December 2006 By Al Campbell
Newspaper rumours claimed Dubai International Capital were only planning on owning Liverpool F.C. for seven years before selling the club on for a profit. However, a source within the company dismissed such speculation.

"There are no plans to exit an acquisition we have not even bought yet," the source told the Liverpool Daily Post.

"DIC is a very serious investor with considerable resources at its disposal and the ability to take a long-term view.

"Equally, we believe that 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.

"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 playing squad."