Hicks selling up?

Last updated : 26 February 2008 By Adam Bryant
The American businessman issued the following statement:

"Reports in the UK media that I am about to sell my stake in Liverpool Football Club, or to invite DIC to examine the club's books in preparation for such a sale, like other such reports planted in the UK press in recent weeks by parties with their own self-interested agenda, are absolutely and categorically false.

"The reality is that I am personally, professionally and financially committed to the club and its supporters, and that I will continue to honour that commitment to the best of my ability now and in the future."

But the BBC claim that DIC may also be looking to try to buy out George Gillett's 50% stake, although there is an agreement between Hicks and Gillett is understood to give the other first refusal on the other's shares.