Dubai International Capital - the investment arm of the Dubai Government - is preparing to launch a £500million bid to buy Liverpool, according to reports.

BBC Sport claim an offer is in the process of being made to American co-owners George Gillett and Tom Hicks.

Initially it was thought DIC, bankrolled by Sheikh Mohammed Al Maktoum, were interested in buying Hicks´ 50% share. However, it is claimed DIC are now set to make an offer for the complete buy-out of the American duo.

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