DIC dismisses Premier League takeover talk

by AFP Tuesday, 16 September 2008

Dubai International Capital (DIC), the investment group recently linked with a takeover of Liverpool, insisted Monday it had no plans to lanch a fresh bid for the Anfield club or any other English Premier League side.

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Reports had speculated the investment arm of the United Arab Emirates government was looking at both Liverpool and troubled top-flight rivals Newcastle United.
However, a DIC statement quoted by the BBC read: "DIC is not involved in any negotiations to buy Liverpool and is not planning a fresh bid for LFC or any other club."

Negotiations for a possible takeover of Liverpool by DIC were carried out on the organisation's behalf by PCP, a British company run which played a part in the purchase of Manchester City by the Abi Dhabi United investment group.

But the DIC statement stressed no fresh talks with Liverpool's estranged co-owners Tom Hicks and George Gillett were being carried out on their behalf.

"Neither DIC nor any other Dubai based party is aware of any consortium or vehicle involved in a bid. DIC has not mandated PCP to act for DIC in any matter whatsoever.

"DIC would like to wish LFC [Liverpool Football Club] and its fans a successful future."

Newcastle owner Mike Ashley, responding to pressure from fans angered by the departure of manager Kevin Keegan, put the north-east club up for sale on Sunday less than 16 months after buying it for 134.4 milion pounds ($239.23 million).



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