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imported post -
14-01-07, 04:58 PM
The wait will soon be over, the glory days are now imminent.
PARRY: DUBAI DEAL IMMINENT
Liverpool chief executive Rick Parry has revealed the takeover of the Barclays Premiership club by investors from Dubai is almost complete and that a concrete announcement will be made 'relatively soon'.
Dubai International Capital (DIC), the investment arm of the Dubai government, tabled a bid in December and are currently completing legal formalities and the process of due diligence.
Parry told Sportsweek on BBC Radio Five Live: “A huge amount of work has been going on from both parts. I imagine we’ll have something concrete to say relatively soon on that.
“They are finalising all the legal work. They have been examining the books and satisfying themselves that everything is fine on that score.
“There is lot of legal work to do and investigations going on into the funding of the new stadium, which is a very important project for us.
“It is a case of finalising the due diligence and pulling everything together, which we hope will be completed relatively quickly.
“It is looking positive and yes, I am confident (it will go through).�
Parry confirmed the takeover would bring in the additional funds that manager Rafael Benitez wants to strengthen his squad for a tilt at the Barclays Premiership title.
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