Reports over the weekend had suggested Dubai International Capital - the investment arm of the Dubai Government - was preparing to launch a £500million bid to buy the club.
But Hicks released a statement on Sunday evening in which he described the latest report as "a complete fabrication and ... absolutely and categorically untrue".
Copyright (c) PA Sport 2008, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms