DIC have pulled out but the crumb of comfort is that the reports say "for the time being at least".
http://www.liverpoolecho.co.uk/liverpool-news/local-news/2008/04/10/dic-ends-bid-to-buy-liverpool-fc-100252-20747974/DUBAI International Capital today abandoned its bid to buy Liverpool Football Club - for the time being at least.
DIC chief execuitve Sameer Al Ansari admitted that while the Dubai based consortium would "still love to own" Liverpool and will "continue to be interested" in the club, no deal will possible until current owners Tom Hicks and George Gillett sort out their own differences.
"You have two partners who do not see eye to eye. And we decided that we pull out completely. Let them sort out their problems," he said.
DIC was prepared to pay in the region of £510m for the club, thereby allowing Hicks and Gillett to walk away with a profit of around £40m each.
Hicks, though, refused to sell his stake and is currently trying to raise the necessary capital to buy out his co-owner.
But with Gillett privately insistent he will not sell to Hicks at any price there is an impasse which shows no immediate sign of being sorted out.
With this being the case DIC have now decided to walk away, although Al Ansari has not ruled out coming back in with another offer should Hicks and Gillett sort out their differnces.
He added: "We will continue to be interested and would love to own the club but we are not going to put ourselves in a difficult situation where we make the investment but we have no control over the destiny of the club and we cannot influence the success of the club.
"Unfortunately, the terms that have been put on the table do not allow us to do that."
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