Liverpool takeover nears - Report
12 April 2012
Liverpool are close to being taken over by the investment arm of the Dubai government, according to reports.
The Liverpool Echo newspaper claimed a near-£400 million deal is likely to go ahead in the next few weeks after due diligence - the process of examining a company's finances - has been undertaken.
If the takeover goes through, it would be a coup for Liverpool chairman David Moores and chief executive Rick Parry, who have been looking for the right investment vehicle to help the club compete with Chelsea, Arsenal and Manchester United in the transfer market.
