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UAE: Liverpool FC not soon an Emirati-owned club

Chairman of Liverpool FC has denied that the Premier League club’s owners Fenway Sports Group received $1.96bn offer from a Dubai-based company to acquire the English side but rejected it.

Tom Werner speaking to Liverpool Echo killed off Emirati reports that club owners were in talks with Amanda Staveley’s PCP Capital Partners for a sale, with an initial $1.5bn in cash to be increased to $1.87bn if the club performs well in the Champions League.

“We have better things to do than shooting down rumors about negotiations with Ms Staveley,” he said, making it clear that “there’s no truth to them”.

It is not the first time PCP Capital Partners is involved in acquisition of Liverpool FC by an Emirati investor. The company is rumored to have tried to facilitate the takeover of the English side by Emirati investors back in 2007.

The club was instead sold to the American duo Tom Hicks and George Gillet.

Fenway Sports Group in 2010 proposed the sum of $393 million to buy shares of the club.

Fenway also said it is not eager to relinquish the current 6th of the League after 10 matches.

The Dubai-based company is also rumored for the potential acquisition of Newcastle for a figure put at about $400 million.

Club owner Mike Ashley this month hinted that he desires to sell the club before December, a way to release more funds that will enable the acquisition of new players before the close of winter transfer window.

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Posted by on Oct 30 2017. Filed under Headlines, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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