DIC offer power share

Dubai International Capital (DIC) are willing to agree to a Liverpool power-share agreement with current co-owner Tom Hicks.

Amanda Staveley, the figurehead of DIC's attempts to buy into the Reds, has stated that the Dubai government's private equity arm would accept a 49 per cent shareholding in the club.

DIC were initially competing with Hicks and co-owner George Gillett to assume control of Liverpool in January 2007 before pulling out of the deal to allow the American duo to complete their takeover.

The battle for ownership at Liverpool has been the subject of widespread speculation over recent months

But it is now understood that Gillett is willing to sell, while Hicks is keen to continue to hold a majority share on Merseyside and Staveley has indicated that DIC are willing to meet the latter's request.

She said: "Subject to renegotiation of a partnership agreement and subject to the usual stringent minority shareholder protection rights we would be prepared to accept a 49 per cent shareholding in Liverpool FC.

"We have decided that this arrangement provides the best possible solution to the situation and would be in the best interests of the club and their loyal fans."