DIC is believed to have pulled out of talks after the Liverpool board of directors failed to formal accept its bid following a renewed bid from rival bidder – the American George Gillett.
Gillett’s offer is understood to have been in excess of the £450m valuation of the DIC bid – and prove considerably more lucrative, to the tune of £8m, to the club’s majority shareholder David Moores.
DIC chief executive Sameer Al Ansari said: “We are very disappointed to be making this announcement. DIC are a serious investor with considerable resources at our disposal.
“At the same time, we are supporters of the game and of the club. Liverpool's investment requirements have been well publicised and, after a huge amount of work, we proposed a deal that would provide the club with the funds it needs, both on and off the pitch.
“We were also prepared to offer shareholders a significant premium on the market price of the shares.”
A statement from the club last night said: “Liverpool Football Club has noted the announcement by Dubai International Capital. The process of seeking new owners for the club is still underway and a decision on the future will be taken in the next few days.”
