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Hicks denies Liverpool sale to Dubai group

Tom Hicks, the American co-investor in Liverpool FC, has denied that he is willing to sell his 50 per cent stake in the club to Dubai International Capital (DIC).

BBC Online reports that DIC have renewed their interest in buying the club because Hicks and co-owner George Gillett may now prefer to sell the club rather than refinance the club’s debt.

Hicks said: "I've not received any offer to purchase the club from DIC or anyone else, much less accepted any such offer. Nor do I have any intention of doing so…No-one in my family has ever indicated any intention or desire to sell our stake in the club.

"We expect and intend to be co-owners of the club, and to actively and enthusiastically support the club's manager, players and fans for many years to come."

Hicks and Gillett are currently trying to arrange a £350m loan that would enable them to repay money borrowed for their £218.9m takeover in March 2007, the BBC said.