March 5 (Reuters) - Dubai International Capital (DIC), a Dubai government-run investment fund, said late on Tuesday its talks with Liverpool Football Club’s U.S. owners about buying a stake were stuck over valuations.
Here are some details about Liverpool’s previous ownership and the takeover of the club:
-- Liverpool Football Club was founded at Anfield in March 1892 by John Houlding, later a mayor of Liverpool.
-- The club’s ownership changed hands and was owned for more than 50 years by the Moores family, who made their fortune from the locally based Littlewoods pools and shopping empire.
-- In 2004 its chairman David Moores hinted that he might relinquish some of his 51 percent stake, setting the ball rolling for bids.
-- Thaksin Shinawatra, a former telecoms tycoon and then Prime Minister of Thailand, made a $100 million bid for 30 percent of the club but backed out in May 2004 when local construction magnate Steve Morgan stepped in with a rival bid with $128.2 million.
-- Dubai Investment Capital (DIC), which manages billions of dollars worth of assets owned by Sheikh Mohammed bin Rashid al-Maktoum, Dubai’s ruler, made its first bid in 2006 but dropped the bid when Liverpool asked for more time to consider a rival offer.
-- In need of cash for two years and to raise funds for a new stadium, the club agreed in 2006 to be taken over by U.S. sports tycoons George Gillett and Tom Hicks for 174 million pounds.
Sources: Reuters; Liverpool FC (www.liverpoolfc.tv); (Writing by Nagesh Narayana, editing by David Cutler)
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