Reports of Gillett to sell his Liverpool share to DIC, while Hicks denies exit talk
Reports are mounting that George Gillett is all set to sell his 50% stake in Liverpool to Dubai International Capital (DIC). His relationship with Tom Hicks is beyond repair, and he is now looking for a way out of the doomed partnership. A specialist team of bankers and solicitors have been put in place by the investment arm of the Dubai government as it awaits permission to study the club's books, which it is understood will be granted shortly.
DIC are reportedly willing to purchase his share, but not in a deal that will leave Hicks in charge of Liverpool. They are looking to make immediate decisions on the Liverpool's future post the deal, and will look to either dilute or purchase some of Hick's share so they will have majority control of the club.
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