Hicks ends talks with DIC
Liverpool co-owner Tom Hicks has ended negotiations with Dubai International Capital over acquiring a 49% stake in the club.
DIC had earlier announced it was in advanced talks to buy a stake in the Anfield side.
But in a statement on the Liverpool website, Hicks said: "I have decided to terminate further discussions with DIC.
"I and my colleagues will continue to explore a number of other options with regard to the ownership of the club."
Talks had been taking place between DIC and Hicks about how a joint relationship would work.
George Gillett, Hicks' co-owner, is understood to have agreed in principle to sell 49% of his 50% stake to DIC, and the other 1% to Hicks to give the Texan a controlling interest.
DIC had earlier announced it was in advanced talks to buy a stake in the Anfield side.
But in a statement on the Liverpool website, Hicks said: "I have decided to terminate further discussions with DIC.
"I and my colleagues will continue to explore a number of other options with regard to the ownership of the club."
Talks had been taking place between DIC and Hicks about how a joint relationship would work.
George Gillett, Hicks' co-owner, is understood to have agreed in principle to sell 49% of his 50% stake to DIC, and the other 1% to Hicks to give the Texan a controlling interest.
Labels: dubai, George Gillett, ownership, tom hicks
