DIC reveal Reds discussions March 10 2008
Dubai Investment Capital have revealed that they are currently in advanced talks with Liverpool over the purchase of a stake in the club.
The investment arm of the Dubai royal family have been linked with a takeover of the Anfield outfit since January 2007, but missed out when American tycoons Tom Hicks and George Gillett became majority shareholders.
However, it now appears that Gillett wants to offload his shares, but Hicks wants to stay on as majority shareholder.
A statement from DIC revealed: "Dubai International Capital confirms that it is in advanced discussions with the co-owners of LFC but that no agreement has been reached on price or shareholding percentage."
Talks between the parties are expected to continue this week with Amanda Staveley, who heads the private equity firm handling the negotiations on behalf of DIC, claiming that Gillett has agreed a deal in principle.