Skip to main contentAccess keys helpA-Z index

watch listen BBC Sport BBC Sport
Low graphics|Help
---------------
---------------
CHOOSE A SPORT
 
RELATED BBC SITES
Last Updated: Monday, 10 March 2008, 17:33 GMT
Hicks ends talks with Dubai group
Tom Hicks
Hicks says he will explore other options on the ownership of the club
Liverpool co-owner Tom Hicks has ended negotiations with Dubai International Capital (DIC) 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.

606: DEBATE
Delano

DIC have accepted that Hicks, co-owner of Kop Football (Holdings) Limited, will not sell his share in Liverpool in the near future, but would insist on a clause giving them first refusal to buy his stake.

Hicks added: "DIC made it clear that if they invested in the club, they would want it to be managed by committee.

"It is clear to me that such a committee approach would not be in the best interest of Kop, of the club or of the club's loyal and passionate supporters."

Hicks and fellow American Gillett took control in a deal worth 218.9m in February 2007. But their own relationship has broken down and the pair - Hicks in particular - have been the target for strong criticism from supporters.

It is believed Gillett is willing to sell but the situation is further complicated by an agreement between him and Hicks that means one cannot sell his share without the agreement of the other.

But BBC Radio 5 Live's football correspondent Jonathan Legard understands that DIC will not be deterred from their interest in Liverpool.

"DIC are not discouraged and the show will go on," said Legard. "There are plenty more twists and turns to come."



SEE ALSO
DIC to offer Hicks share of power
08 Mar 08 |  Liverpool
Crouch & Hyypia expected to stay
04 Mar 08 |  Liverpool
Hicks plots total control of Reds
04 Mar 08 |  Liverpool
Hicks ready to block Gillett sale
28 Feb 08 |  Liverpool
Hicks holds talks over Liverpool
27 Feb 08 |  Liverpool
Hicks plans long stay at Anfield
27 Jan 08 |  Liverpool
Liverpool complete 350m package
25 Jan 08 |  Liverpool
Liverpool owners deny sale claims
17 Jan 08 |  Liverpool
Consortium pulls out of Reds bid
31 Jan 07 |  Liverpool
Liverpool braced for takeover bid
20 Jan 08 |  Liverpool


RELATED BBC LINKS:

RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


BBC PRODUCTS AND SERVICES
Daily and weekly e-mails | Mobiles | Desktop Tools | News Feeds | Interactive Television | Downloads
Sport Homepage | Football | Cricket | Rugby Union | Rugby League | Tennis | Golf | Motorsport | Boxing | Athletics | Snooker | Horse Racing | Cycling | Disability sport | Olympics 2012 | Sport Relief | Other sport...

Help | Privacy & Cookies Policy | News sources | About the BBC | Contact us | Advertise with us