Dubai looks set to enter the first division of world football, with news that the state-owned corporation Dubai International Capital (DIC) is closing in on a buyout of English Premier League giant Liverpool. In a deal worth an estimated $880 million, DIC would acquire the majority stake in the club, winner of 18 English league titles and a number of European trophies, including the 2004-05 Champions League. Liverpool’s chief executive officer, Rick Parry, said on Jan. 15 that DIC was in the process of putting the finishing touches to the details of its bid and completing the legal work associated with the offer. “It is a case of finalizing the due diligence and pulling everything together, which we hope will be completed relatively quickly,” Parry said during an interview with British media. “A huge amount of work has been going on from both parts. I imagine we’ll have something to
