(BBC) The investment company interested in a takeover of Liverpool has dismissed allegations it plans to sell the club in 2014 after making a huge profit.

The claim against Dubai International Capital was made in an article in the Daily Telegraph and it also said funds for new players would not be available.

But a DIC source said: 'DIC has not yet formally made an offer, never mind completed a deal.

'Certainly there are no plans to exit an acquisition not even yet bought.'

The source added: 'It (DIC) is a very serious investor with considerable resources at its disposal and the ability to take a long-term view.

'Equally, we believe that we understand the responsibilities that come with owning Liverpool Football Club.

'DIC has made it clear that, should a deal be concluded, it would not interfere in the day-to-day running of the club.'