
Financial insiders insist his first love is horse racing. Sheikh Mo has won virtually every major Flat race and also sponsors the worldÂ’s richest race, the Dubai World Cup. But he is also a huge camel racing enthusiast.
In September, he removed all the child jockeys from the UAE after being hit with a lawsuit in the USA accusing him and his brother of the enslavement of 30,000 children.
His Dubai International Capital Group (DIC) has paid £800m to buy the Tussauds entertainment empire and a further £675m in August this year for the Travelodge hotel chain. They are also major stakeholders in the Daimler-Chrysler car group and are currently constructing the tallest building in the world in Dubai. So the £450m needed for a Liverpool buy-out will be loose change for the oil-rich DIC.
The £450m package would include £170m to take controlling interest of the club from the Moores family, £80m to cover existing debts and £200m towards a new 60,000-seat stadium in Stanley Park.
And the SheikhÂ’s fortune would give Reds boss Rafa Benitez unlimited spending power in the transfer market. The company sees a Liverpool takeover as the ideal way of putting DubaiÂ’s name on the sporting map. It would also boost Sheikh MoÂ’s ambitions of hosting the World Cup and Olympics in the UAE.
“They have shown a full understanding and respect for the club’s values and heritage. “DIC share our passion for success and in investing in the businesses it acquires. This is very important in terms of the proposed new stadium.