Hicks denies Liverpool's sale

English Liverpool co-owner Tom Hicks has no intention of selling his stake in the Premier League club, despite reports that Dubai International Capital (DIC) made an offer for a takeover.

"I have not received any offer to purchase the club from the DIC or anyone else, much less accepted any such offer," Hicks said in a statement. "Nor do I have any intention of doing so."

Hicks said the rumor that the club had already been sold was "a complete fabrication and is absolutely and categorically untrue."

"Whoever is behind this false report, the facts are that I and my family have always been, and remain, fully committed to co-owning the club; that no one in my family has ever indicated any intention or desire to sell our stake in the club; and that we expect and intend to be co-owners of the club, and to actively and enthusiastically support the club's manager, players and fans for many years to come," Hicks said.

According to The Financial Times, Tom Hicks and George Gillett are working towards a refinancing deal with their lenders, Royal Bank of Scotland and US bank Wachovia, expected to be concluded by the end of this week.

The deal estimated at about GBP 350 million and includes funding for a new stadium.

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.