LIVERPOOL SUITORS ONLY AFTER PROFIT

Liverpool, who are being bought by an investment company effectively owned by the Dubai government, could be sold again in seven years' time, according to a confidential document seen by The Daily Telegraph.

The document also reveals that Dubai International Capital are planning to borrow up to £300 million to finance their £450m purchase of the club.

DIC see their investment in Liverpool as purely a business deal built round the new stadium Liverpool are planning at Stanley Park.

When they sell in seven years' time they are hoping to make a huge profit, providing a return of around 25 per cent on their investment for every year of ownership. There appear to be no plans to invest in new players.

The seven-page document, which outlines the investment rationale, has been circulated to major City investors to attract them to join the consortium.

The great investment opportunities that Liverpool provide, as DIC see it, are set out in a section entitled “The Opportunity”.

The document says: “Opportunities exist to boost returns by unlocking 'hidden' value. We believe there is potential for multiple arbitrage if real estate/leisure is developed on the current Anfield site. Such an investment would allow the Middle East region to leverage on a strong brand with an equally strong international fan base.”

The document tells potential investors that over the next five years a return starting at 19.3 per cent could rise to 29 per cent in year five.