[rebel23]

this according to the telegraph, so DIC now own 49% of us not sure what this means or what the implications are in terms of debts or the future, essentially, Hicks is the main man now. sigh.

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Liverpool's joint owner, George Gillett, has agreed to sell 49 per cent of the club to Dubai International Capital in a deal worth up to £170 million, it was claimed yesterday.

According to Amanda Staveley, head of PCP Capital Partners, the private equity firm handling negotiations on behalf of DIC, Gillett agreed the deal in principle late on Friday.
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"The legal documents have yet to be signed, but we're really pleased," said Staveley. "Of course we want to own Liverpool outright but this large stake is a great start."

DIC now need to agree on a partnership with Gillett's co-chairman and fellow American, Tom Hicks, who has made it clear he has no intention of giving up his control of Anfield.

Despite Hicks' angry attack on Staveley on Saturday, in which he accused the financier of leaking private correspondence to this newspaper, he has not ruled out the possibility of a key meeting with DIC executives in Dubai today.

His son, Mack, and two senior Hicks Holdings executives, Casey Shilts and Roy Bailey, had already scheduled unrelated meetings in Dubai this week to discuss a property deal and both DIC and a spokesman for Hicks confirmed last night that talks on the future of Liverpool were likely to take place over the next few days.

According to the deal, agreed in outline last week, Hicks would take one per cent off Gillett to give him a majority holding of 51 per cent. DIC would then control the other 49 per cent.