Tuesday 5 December 2006

REDS TAKEOVER!!!

Although the official LFC website has no news on the proposed takeover the national newspapers are full of it.The DIC finance group which is the finance or business arm of the Maktoum empire in Dubai are reportedly the interested party.A £450m buy out has been suggested valuing LFC shares at £4500.David Moores is reported as wanting to hold onto a 10% share as a lifelong president.LFC directors are welcoming these overtures as DIC have made it clear to the club that the day to day running will still be in their hands although the finance director of DIC is expected to become the new chairman with Rick PARRY being retained as chief executive.

Fans have expressed mixed feelings about the possible takeover.It is hard to see how the character and culture of the club will remain intact.Multi millionaires taking over top sides in the premiership is fast becoming the norm.Liverpool however are in debt and with the spiralling costs of a new stadium on the horizon it is inevitable the current set up at Anfield simply doesnt have the kind of money required.The choice is simple.No money means Liverpool will inevitably slide into a permanent also ran like most of the premiership.Just being a premiership club is not equal to the expectations of either club nor fans.In order to compete with Man Utd and Chelsea in particular there has to be the finance in place to bring better quality players to the club. If the fans are the heart of the club then no matter where we play or who is in charge then the millionaires cant buy the fans or their humour.

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