Dubai interest still in reckoning

Published Add your comment

Dubai interests may again emerge as the main player in the battle to buy Liverpool.

Speculation is growing in the Middle East that Sheikh Mohammed bin Rashid Al Maktoum, thought to have lost interest in the Anfield club last year as the credit crunch started to bite, may be preparing another move for the club.

But if that does happen, it will only be during the summer as Liverpool's current American co-owners Tom Hicks and George Gillett try to extend their £350million loan with the Royal Bank of Scotland and Wachovia - a prospect which, in the current financial climate, looks remote.

Sheikh Maktoum is the ruler of Dubai and founder of Dubai International Capital, who were involved in lengthy and ultimately unsuccessful negotiations to buy the club last year. The Sheikh then took on the potential takeover on a personal level, but also opted to pull away several months ago.

But with the intense rivalry between the Arab states over ownership of Premier League clubs, the Sheikh is again believed to be reviewing the situation.

It emerged last week that a Kuwaiti group, the oil-rich Al-Kharafi family, were involved in talks - initially with Hicks - over a potential buyout, plus the £400m financing of the club's proposed new stadium.

But the £600m asking price was considered too high and, following the amount of publicity the offer generated, it is now believed consortium leader Nasser Al-Kharafi has pulled out of negotiations.

A source close to the Middle East groups said: "The price was too high and the Kuwaitis were annoyed that their interest was leaked.

"Surely in the current climate, and with time running out on the Americans who must repay or re-finance their loan in July, nobody is going to buy Liverpool at this present time.

"The price drops with every passing day, and any prospective buyer would now wait until the summer before making a move. By then, the Americans would have to accept a much lower price - around £400m or lower."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Premier League

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again