Parry hails Dubai bidders

The hugely-wealthy Dubai firm behind a £450m (€667.6m) takeover bid for Liverpool have been hailed as “ideal partners” by club chief executive Rick Parry.

The club have given exclusive rights to Dubai International Capital (DIC), a firm owned by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, to launch a takeover bid.

Parry claimed the takeover holds the key to the club’s new stadium and being able to compete with the richest clubs in the world.

He said: “DIC is a potential investor with the resources and philosophy that we believe could make them an ideal partner.

“Already they have demonstrated a full understanding of, and respect for, the club’s heritage and values.

“We also believe they share our passion for success. In particular, DIC believes in investing in the businesses it acquires. This is very important in terms of the proposed new stadium, which is key to plans for the regeneration of the local community.

“On the pitch, Liverpool remains focused on winning and, here again, this is all about doing a deal that gives us the long-term resources to do that.”