Liverpool co-owner Tom Hicks remains in control of his share in the club.

Hicks remains in control of his share of Liverpool and has not sold out to Mill Financial, Press Association Sport has been told.

Reports on Thursday morning suggested the hedge fund, a branch of Washington-based Springfield Financial, had acquired the Texan's 50 per cent share having already taken ownership of his fellow co-owner George Gillett's half.

However, a UK-based spokesman for Tom Hicks told Press Association Sport Mill Financial had not acquired Hicks' shares.

That stance appears to be backed up by Royal Bank of Scotland, the club's major creditors whose deadline for the repayment of a £237million loan expires on Friday, and the Premier League.