Parry: takeover will take place ‘relatively soon’

LIVERPOOL chief executive Rick Parry has revealed the takeover of the club by investors from Dubai is almost complete and that a concrete announcement will be made “relatively soon”.

Dubai International Capital, the investment arm of the Dubai government, tabled a reported £450m bid in December and are currently completing legal formalities and the process of due diligence.

Parry explained: “A huge amount of work has been going on from both parts.