Liverpool FC takeover deal hits more uncertainty

Various reports overnight have claimed Liverpool FC's board held a meeting in London last night, ahead of the win over West Ham. That does seem to have happened, but the details of what was discussed and decided are the subject of speculation.

The reports all claim that the DIC takeover was discussed and that Liverpool have decided not to accept that bid just yet. George Gillett's eleventh-hour increased bid for the club seems to have left Liverpool's board unsure which bid to accept.

Although it’s a subtle difference, Liverpool haven’t rejected the DIC bid, they’ve just not agreed to accept it – yet.

David Moores is the man with all the cards in this deal, and his 51.6% shareholding is what is up for sale. He wants what is best for the club, not what is best for his own pocket, and perhaps Gillett has given Moores some assurances alongside the £500-a-share extra he's outbid DIC by.

Liverpool fans do not, in the main, want to ground-share with their neighbours Everton. Gillett was rumoured to favour such a move, which would have scared Moores off straight away. Liverpool want to build their own stadium, but the takeover needs to be complete very soon if that's going to go to plan.

DIC left Anfield with all of their due diligence data in hand around Christmas, but have still not formally made that offer to buy Moore's shares. This delay has given Montreal Canadiens owner Gillett a chance to persuade the board that his offer is one to seriously consider.

Liverpool's board do need to seriously consider Gillett's offer, alongside DIC's offer, and choose what they feel is the best option overall for the club and its shareholders. They are expected to make their decision by the end of this week, and of course there is still room for both bidders to further improve their offers by then.

This isn't the first time a story has been leaked regarding the DIC bid. One newspaper allegedly got hold of a "confidential" document from DIC where they detailed their plans for the next seven years. This included listing what their options would be after that length of time, and included the possibility of selling the club – amongst other options. The sensationalist story implied that this was a certainty rather than a possibility. Later reports showed that the leaked document was rather different in its wording from the article by the departing journalist.