Dubai consortium makes 400 million pound bid for Liverpool, wants answer in 24 hours

Associated Press ,  Liverpool   |  Tue, 03/04/2008 7:22 PM

Dubai Capital International has made a 400 million pound (US$800 million) bid for Premier League club Liverpool.

DIC - the private-equity investment arm of the Dubai government - wants an answer within 24 hours from the club's American owners Tom Hicks and George Gillett Jr., an executive working on the bid told The Associated Press on Tuesday. He spoke on condition of anonymity because of the sensitivity of the negotiations.

Hicks has repeatedly said he wants to retain - and even increase - his 50 percent stake in the Premier League club, but Gillett has been in close contact with DIC in recent weeks.

The duo bought the club for 218.9 million pounds (then US$431 million) - beating the rival Dubai bid.(**)

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