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Last Updated: Sunday, 27 January 2008, 10:19 GMT
Hicks plans long stay at Anfield
Liverpool co-owner Tom Hicks
Hicks and Gillett took over at Liverpool last March
Liverpool co-owner Tom Hicks has insisted he plans to retain his stake in the club for the foreseeable future.

"There is no question in my mind that I will still be an owner of Liverpool Football Club in five years," he told BBC 5 Live's Sportsweek programme.

Liverpool have been the subject of speculation about a possible takeover by Dubai International Capital.

Hicks said that was never a "serious possibility" but the BBC understands he was in contact with DIC last Friday.

It is not clear what that conversation was about but Hicks said: "I can't think of a price where I would be interested in selling."

The Texan admitted speaking to DIC "a few months ago" about a "10% to 15% participation" in the club but DIC felt the price was too high.

"They would have been a minority investor and we would have used that capital to build a new stadium. We'll find other ways to capitalise the new stadium," he said.

606: DEBATE

Hicks, who along with fellow owner George Gillett took over the Reds in March 2007, confirmed a 350m refinancing package was put in place last week, with 105m of that as debt tied to the club.

Of that total, 45m will be used for future player transfers and to meet the club's working capital needs, while BBC sports editor Mihir Bose said 60m will provide the start-up money for the new ground.

There is no question in my mind that I will still be an owner of Liverpool Football Club in five years

American Tom Hicks

"The refinancing will provide the capital for the next year-and-a-half to take the stadium move forward," added Hicks.

He repeated his backing for manager Rafa Benitez despite revealing earlier this month that he held talks with German Jurgen Klinsmann in November about taking over as manager in case the Spaniard left the club.

"We have a great manager who has our support," he said.

"After our meeting on 16 December he has shown his strong intent to do the right thing by the club.

"Rafa's got a contract for two more years and hopefully he'll stay for longer."



SEE ALSO
Liverpool complete 350m package
25 Jan 08 |  Liverpool
Mihir Bose blog
25 Jan 08 |  Sport Homepage
Ferguson blasts Liverpool owners
24 Jan 08 |  Football
Crouch critical of Liverpool form
23 Jan 08 |  Liverpool
Hicks denies Liverpool sale plans
21 Jan 08 |  Liverpool
Q&A - Liverpool refinance plans
21 Jan 08 |  Liverpool


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