Dubai Investors Submit £4.3 Billion Bid for Liverpool FC
Multiple sources have claimed that Dubai International Capital (DIC) may be the front-runner to submit a proposal of £4.3 billion for Liverpool FC.
Dubai would be making an attempt to buy the club for the second time; their first attempt in 2007 was unsuccessful.
According to the previous DIC CEO, Dubai International Capital “nearly signed” in 2007 for a £312 million takeover of Liverpool.
Following their announcement on November 7, 2022, owners of the English football club, FSG, commented that they were “inviting offers” for The Reds.
In a statement, FSG expressed:
“There have been a number of recent changes of ownership and rumours of changes in ownership at EPL clubs and inevitably we are asked regularly about Fenway Sports Group’s ownership in Liverpool.
“FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool.
“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.
“FSG remains fully committed to the success of Liverpool, both on and off the pitch.”
It appears FSG have obtained what it sought, with DIC allegedly prepared to pay its asking price.
It was claimed that FSG has now started the official process of seeking prospective purchasers – with Chelsea’s £4.25 billion sale in May 2022 apparently playing a big role in their decision-making.
FSG has reportedly been accepting proposals for a while; last year, a “team of investors in the Middle East” offered them £3 billion.
Although the offer was turned down, it seems that FSG has already fixed its price and has plenty of possibilities.
American and Middle Eastern investors are also mentioned as additional potential purchasers in connection with a takeover bid for Liverpool’s Anfield ground.
Any sale is anticipated to take some time, and FSG has even hinted that it might only amount to a third party investing more in the ownership position.
Numerous football club owners are already based in the Middle East.
In 2021, the huge Public Investment Fund of Saudi Arabia acquired Newcastle United FC.
Qatar Sports Investments acquired Paris Saint-Germain FC in 2011, while Abu Dhabi’s City Football Group acquired Manchester City FC in 2008.
Football clubs are getting more and more expensive to purchase.
Although Chelsea was sold for £4.25 billion in May 2022, several pundits have already speculated that Liverpool FC may bring in a larger sum of money than already exists on record.