Liverpool's owners have been given a £400m take-it-or-leave-it offer from Dubai International Capital to buy the club, BBC Sport understands. How DIC is denying that there is a deadline.

Government-run Dubai investment fund DIC have been in talks with George Gillett and Tom Hicks to buy the club.

BBC 5 Live understands Gillett is willing to sell, but co-owner Hicks is not, but both have to agree to sell for any deal to go through.

Labels: dubai, George Gillett, ownership, tom hicks