December 5 – 2006
What do you get for the Sheikh who has everything? Liverpool Football Club, of course.
The Maktoum family, rulers of Dubai and owners of Dubai International Capital (DIC), are reported to be floating an LFC takeover bid worth nearly $900million. Purchase of the club, clearing of outstanding debts, and a new stadium would be included in the deal (no word yet on the cost of installing slip-proof flooring in the media room).
The Liverpool board has been unanimously positive about the approaches, and it’s easy to see why: the Maktoums are longtime fans of LFC and possess some of the deepest pockets on the planet. They’ve been given exclusivity on the deal, and all indications are that the takeover is inevitable. The question is, what will a Sheikh ruled Reds look like? For clues, we can look to a sport which routinely gobbles up our disposable income and generally makes us feel like our soul needs a shower: horseracing.
The Maktoum family are the founders, owners, and managers of one of the most powerful racing stables in the world, Godolphin Racing. Named after the famed horse who gave rise to the modern thoroughbred, Godolphin has put its unlimited capital to work buying up premier yearlings, two year-olds, and stud prospects from all corners of the globe. The results have been impressive, but less so than the spending might merit (see Chelsea, Champions League). Above all, Godolphin wants to win the Kentucky Derby, a race they have found little success in.
Throughout their exploits, Godolphin has gone to great lengths to do it “the Godolophin Way.” They employ a Dubai native as head trainer, keep horses at their Dubai facilities over the winter, and insist on starting young horses at tracks in Dubai. If they are to succeed, the Sheiks want everyone to know it is because they have found a better way of playing the game.
Will they approach the managing of LFC with the same do-it-yourself mentality? It’s not ridiculous to assume they would. Early reports indicate that Sameer Al Ansari, chief executive of DIC, would replace Liverpool chairman David Moores once the deal goes through. The position gives the Maktoums a firm hold on all purse-strings, and makes transfer decisions a matter for the Sheiks and Rafa Benitez to sort out together. Furthermore, Dubai is already a favored vacation destination for players, and a pre-season camp/tour in Dubai would be a near certainty. From player acquisitions to holidays on the beach, the Maktoums may decide to make Liverpool they’re own personal toy on par with Godolphin.
That, or the Sheiks will forego freezing their balls off at Anfield, preferring instead to hand the keys over to the board and Benitez. To this end, it’s equally possible the acquisition of LFC is aimed at merely fueling the Sheikh’s ambitions to enhance Dubai’s global appeal. The club, along with Ski Dubai Mall and the world’s tallest building, might simply be another high-priced status symbol aimed at making the Middle Eastern nation a household name.
In the end, the changes at Liverpool may be less dramatic than those that followed the foreign investment at Chelsea. The Maktoums won’t spend like they’ve just discovered capitalism, and they’ll likely look to prove the have a better eye for horseflesh talent than their fellow foreign Prem owners. Still, it may be beyond the Maktoums to resist adding a little sand to the Scouse mud at Anfield.
At any rate, we’d pay to see Peter Crouch in a Dishdasha.