Liverpool FC takeover

Liverpool Football Club looks set to be taken over by the investment arm of the Dubai Government. Dubai International Capital (DIC) will shortly begin a process of due diligence at Anfield before signing any deal.

DIC is the international investment arm of Dubai Holding. It is controlled by Sheikh Mohammed bin Rashid Al Maktoum, the world’s fifth richest man. DIC also owns the Tussards Group, Travelodge, the London Eye and has a significant interest in DaimlerChrysler.

If the deal goes ahead the capital injected would be used to clear the clubs £80 million debt, fund a new 60,000-seater stadium at Stanley Park and compete with the likes of Chelsea on the transfer market.