DIC CEO: “Disappointed” to pull out of Reds bid

The big news this afternoon from Anfield is not transfer related, instead it is all about the investment. The Dubai consortium announced they were pulling out of the takeover bid for the club.

Samir Al Ansari, CEO of Dubai International Capital, released the following statement: “We are very disappointed to be making this announcement this afternoon. DIC are a serious investor with considerable resources. At the same time we are supporters of the game, and of the club. Liverpool’s investment requirements have been well publicised and after a huge amount of work we proposed a deal that would provide the club with the funds it needs both on and off the pitch. We were also prepared to offer shareholders a significant premium on the market price of the shares, however we will not overpay for assets.”