The Guardian says Gillett will spend the next few days deciding whether to support a plan to buy out his partner Tom Hicks or throw his weight behind a refinancing package that would strengthen Hicks's hold on the club.
Gillett is understood to have grave misgivings over his continued involvement with Hicks, the man he brought on board to secure the takeover last February but who has proved far from the silent partner he originally envisaged. A fresh dilemma for Gillett is that Dubai International Capital, the investment arm of the Dubai government, is now prepared to provide him with the financial backing to make an offer for Hicks's 50% stake in Liverpool.
"It is a very delicate situation but DIC has reignited its interest," said a source. "The terms of the offer, which will be made to Tom Hicks, have been agreed and DIC are hopeful they will be finally be able to invest in Liverpool."