DIC make Reds bid

Image: Gillett and Hicks: DIC offer

Sky Sports News understands Dubai International Capital (DIC) has made a £400million bid for Liverpool.

Dubai International Capital rumoured to have made £400m offer

Sky Sports News understands Dubai International Capital (DIC) has made a £400million bid for Liverpool. DIC, the private equity investment arm of the Dubai Government, has recently confirmed they are in talks with current Liverpool owners George Gillett and Tom Hicks. However it is now understood that DIC has made a lucrative offer to the American duo and that they expect a response by the end of Tuesday. Hicks, though, is rumoured to be looking to buy-out partner Gillett to take full control of the Merseyside club and he has previously denied he is looking to sell, despite admitting to holding discussions with DIC.

Ownership battle

The battle for ownership at Liverpool has been the subject of widespread speculation over recent months. Gillett and Hicks are said to have suffered a breakdown in their relationship, while the American pair also experienced a much publicised bust-up with Anfield boss Rafa Benitez over the club's January transfer policy. DIC were initially competing with Gillett and Hicks to assume control of Liverpool in January 2007 before the Middle East organisation pulled out of the deal. However, DIC have now returned to the running and are keen for an immediate response from Gillett and Hicks.

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