DIC deal not dead yet

Image: Hicks & Gillett: Listening to offers

George Gillett is still considering an offer from Dubai International Capital to buy his 50% stake in the club.

Takeover talks ongoing

George Gillett is still considering an offer from Dubai International Capital to buy his 50% stake in the club. Reports had suggested that the Liverpool co-owner had rejected an approach from DIC and was determined to hold out for a better offer. However, late night discussions between Gillett's lawyers and DIC negotiator Amanda Staveley appear to suggest that an agreement could still be reached. Given it is unlikely that the American will be able to find a rival bidder willing to pay more than Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum for the stake, it appears that he will now be forced to re-enter talks. With financial difficulties plaguing Gillett's and Hicks' time at the club, Liverpool are understandably keen to see the situation resolved as soon as possible. Hicks is believed to be trying to finance a package of his own to buy out his partner, but with that looking increasingly unlikely, the ownership of Liverpool Football Club may be about to change hands for the second time in just over a year.

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