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Real escape with hope of progress

What the papers say
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By ESPN Staff

Dubai investors deny Liverpool exit strategy

Dubai International Capital, the investment company behind the proposed takeover of Liverpool, insist they have a long-term strategy in place for the club including significant funds for new players.

The company have responded to reports in today's Daily Telegraph that they plan to sell the club in 2014 having first made a huge profit from what the newspaper described as 'purely a business deal'.

A DIC source tonight sought to assure Liverpool fans that were the takeover to be concluded there would be 'the best possible' financial support for boss Rafael Benitez.

They said: 'What DIC is doing is planning to make sure that, if a deal is done, Liverpool has the best possible funding in place going forward under DIC stewardship.

'This is particularly important as we would need to get on with the stadium early in 2007 and it takes time to sort out the necessary financing.

'This is also important in terms of making sure cash is available for the ongoing strengthening of the playing squad.

'Should DIC acquire the club, Liverpool will be well run, both on and off the pitch, and we are currently laying the groundwork to ensure that will be the case.'

But DIC officials have pointed out they are yet to successfully conclude their takeover of the club and that, as a result, talk of plans to sell it off for profit are premature.

The source added: 'DIC has not yet formally made an offer, never mind completed a deal. Certainly there are no plans to exit an acquisition we have not even bought yet.

'It (DIC) is a very serious investor with considerable resources at its disposal and the ability to take a long-term view.

'Equally, we believe that we understand the responsibilities that come with owning Liverpool Football Club.

'DIC has made it clear that, should a deal be concluded, it would not interfere in the day-to-day running of the club.'