DIC's £460M bid convinces Liverpool to sell

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The Mirror says an outline agreement to transfer ownership of the Anfield giants from George Gillett and Tom Hicks to Dubai International Capital is in the pipeline.

Sources in New York have confirmed that a £460million deal with DIC - the Dubai government's financial arm and headed by Sheikh Mohammed Bin Rashid Al Maktoum - is now on the verge of conclusion.

The effective sale price is nowhere near the ambitious £1billion valuation that was put on the club by Hicks in November. He and Gillett paid just £219m to take control of Liverpool from David Moores a year ago.

One insider said: "These talks are still ongoing. Tom and George want to make sure they get the right price for giving up the club."

Despite leaving Liverpool with a £350m debt, they will be able to walk away having made a substantial profit.

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