Dubai International Capital, the private equity arm of the Dubai Holding, said on Tuesday that it is bidding to buy the Liverpool football club, but said the company has not reached an agreement with the American owners of the club on the valuation.
"It's no secret that we have been in discussions with the current owners. But valuations they expect have been out of sync with our assessment," Sameer Al Ansari, chief executive of Dubai International Capital (DIC) said on the sidelines of the Private Equity International Forum in Dubai yesterday.
Al-Ansari did not exclude the possibility of reaching an agreement with the current owner Tom Hicks and George Gillett. Speaking on the assessment, Al-Ansari said that the owners of Liverpool in dreamland '. However, he noted that one of them is now emerging from dreamland.
Despite Hicks comments last month that he had no plans to sell the share in a football club, have been persistent rumours and media reports in recent weeks about DIC negotiations with the owners of the club.
London newspaper The Times said yesterday that the DIC confident Gillette would accept his proposal A 200 million pounds ($ 397 million) for 50 per cent of the shares, but added there were claims that Hicks was willing to exercise his opportunity to buy it.
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