Dubai International Capital is considering a second bid for the sale of Liverpool FC, find out here
According to reports, a group that previously failed to demonstrate that it could afford a £3 billion accession is considering making another bid to buy the club.
Dubai International Capital (DIC) To Launch Bid For Liverpool FC Sale
Dubai Group Eyes 4.3bn Second Bid As Liverpool FC For Sale
The Liverpool Football Club, or at least a mass of it, is for sale. Fenway Sports Group may pursue a minority sale that would allow the Boston-based ownership group to repay their initial £300M or more investment while maintaining control, or they may decide to completely divest.
The club’s ownership structure is anticipated to change shortly, but that is about all that is known at this time. Arabian Business reports that a Dubai-based entity, Dubai Investment Capital that had expressed interest in buying Liverpool for more than £3 billion but had not been able to convince FSG that they could get that kind of financing is now considering a second and even bigger offer for the team.
According to persons with knowledge of the situation, investors in Dubai may be interested in buying Liverpool FC, the most successful football team in England. Dubai has attempted to buy the club twice, with the first bid failing in 2007. This would be the second attempt. According to the previous DIC boss, Dubai International Capital nearly signed in 2007 to purchase the club for $360 million.
In order to measure potential buyers for the team, Fenway Sports Group Holdings LLC has stated that it is collaborating with Morgan Stanley and Goldman Sachs Group, according to the persons who asked to remain anonymous. ”
FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club,” the group asserted in a declaration.
The worth of the club has increased tenfold during FSG’s ownership, and they purchased Liverpool with the idea that they could generate a big profit on the depreciating asset in the future. It is challenging to envision that value increases tenfold once more over the following 10 or fifteen years. Realistically, this would seem to restrict a full sale of the organisation to parties who perceive value in owning Liverpool beyond financial gain—certainly beyond the sport or the club’s history. So for the time being, Liverpool supporters will watch the drama unfold a little anxiously.