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Old 03-06-2008, 02:18 PM
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Default Confusion surrounds Reds future

The future of Liverpool remains unclear after a series of claims and counter-claims on Thursday.

Dubai International Capital's takeover bid stalled when Tom Hicks threatened to block any attempt by co-owner George Gillett to sell his 50% stake.

A DIC source told BBC Radio 5 Live that representatives could meet Hicks as early as Monday after the American agreed not to stand in Gillett's way.

However, Hicks maintains he has not softened his position.

He says he has no plans to meet DIC in London and will remain a majority stakeholder at Anfield.
But DIC claims it could complete the purchase of Gillett's stake by the weekend.

The group - the financial arm of Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum - met with Gillett's lawyers at a London hotel on Tuesday.

They failed to come to an agreement but Gillett did not reject a deal out of hand and talks were expected to continue on a daily basis.

Gillett and Hicks took control of Liverpool 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 savage criticism from supporters.

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

DIC claims that Hicks has now backed down because of a financial loophole.

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