Agreed
The thing is to remember aswell they wont be waylaying a huge debt onto the club, they will taking on the debt of which the club owes. This strikes me as a far better proposal than what Glazer did with the SCUM. Im also encouraged by the fact "we wont be taken over purely on loans" which can assure those with reservations not everything is bad about this deal and some of the worries and scare mongering is completely unjustified.
Things get more interesting by the minute Prag.
George Gillett and Tom Hicks, who both own NHL ice hockey teams, flew to England to present Moores and chief executive Rick Parry with their provisional offer.
That meeting was enough for the Liverpool board to turn down a rival offer from Dubai International Capital. It is understood the decision by Hicks, who also owns the Texas Rangers baseball team, to join forces with Gillett convinced Liverpool their future lay in American hands.
Hicks has built up a reputation for developing state-of-the-art new stadia for his teams.
The other issue which clinched the deal is the Americans guaranteed that Liverpool's new stadium on Stanley Park would not be on a groundshare basis, which had been Gillett's original plan when he was considering a solo takeover.
Hicks and Gillett will split the ÂŁ470million cost of taking over the club on a 50-50 basis, with around ÂŁ255million going to buy the shareholding and take over the ÂŁ80million debt, and a further ÂŁ215million on the stadium.
The Americans have carried out due diligence and are now preparing a formal offer which is expected to be presented to the Liverpool board early next week.
If, as now seems certain, this takeover goes through it will mean Liverpool, Manchester United and Aston Villa are all in American hands.
Malcolm Glazer, owner of American football's (NFL) Tampa Bay Buccaneers, owns United and Randy Lerner, owner of NFL's Cleveland Browns, bought Aston Villa last year.
Gillett, who owns the NHL's Montreal Canadiens, and Hicks, who owns the NHL's Dallas Stars, have worked together in the past on the board of a major US meat-processing firm.
Their idea gathered force when they met at the NHL All-Star Game last week. It would be the first time that two owners of rival sports clubs in one league have combined to purchase a club in another.
This is putting a new slant on things itâs the first time the words turned down have been used, did DIC jump before they where pushed? We know how much credence the people from Dubai place on âsaving faceâ.
I honestly think the picture is starting to become a lot clearer and once any deal is finally done I think we may come out of it a lot better off than the doom and gloom merchants would have you believe.
Being purely materialistic surely two billionaires are better than one? Especially two who are involved in sport in a major way. DIC do have fans of Liverpool on the board but reports suggest the Sheik himself never got involved in negotiations and saw it purely as another business deal.
Iam not stupid enough to settle back and say thatâs it alls well as I do think the whole affair could have been handled better but as more and more information is being released I think a few people may owe Mr Moores an apology. We shall see.