Reds owner Hicks clinging to stake

LIVERPOOL co-owner Tom Hicks has not formally rejected Dubai International Capital’s reported offer for the club but remains unwilling to sell his stake, a source close to the American has revealed.

It is understood that DIC made an offer for fellow owner George Gillett’s 50% share in the club earlier yesterday, which was extended to Hicks.

But associates of Hicks have reiterated the stance made public at the end of last month when he vehemently denied that his stake was up for sale.