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Liverpool considering Gillett bid

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LIVERPOOL, England -- Liverpool are considering a bid by American sports tycoon George Gillett for the club after the Dubai International Capital group pulled out.

Gillett, the owner of Montreal Canadiens ice-hockey team, had an initial offer rejected late last year but impressed majority shareholder and chairman David Moores with a second bid.

Moores views himself as a custodian of Liverpool and intends to find the best deal for the club before selling his 51.5 percent stake.

Gillett's initial offer is believed to have included the intention of ground sharing with city rivals Everton and that was a stumbling block for Moores. But the latest proposal is expected to back Liverpool's efforts to build a new stadium.

Gillett has already completed due-diligence and may have representatives at Liverpool's derby match at Everton on Saturday for further talks.

A Liverpool club statement on Wednesday said: "Liverpool Football Club has noted today's announcement by Dubai International Capital.

"The process of seeking new owners for the club is still underway and a decision on the future will be taken in the next few days."

DIC said earlier in the day a "comprehensive offer" had been accepted in principle by Moores after the company, the investment arm of the Dubai government, had completed due diligence.

However it added that "it appears that the Liverpool Board and the majority shareholder David Moores were unable to approve these terms in order to allow DIC to make a formal offer to all shareholders."

Liverpool, the 2005 European champions, have been seeking an injection of cash for two years to help challenge for top honors and fund a new stadium.


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