Liverpool FC co-owner, Tom Hicks, ended negotiations with Dubai International Capital over acquiring a 49 per cent stake in the club.
In a statement on the Liverpool website, Hicks said: "I have decided to terminate further discussions with DIC. I and my colleagues will continue to explore a number of other options with regard to the ownership of the club".
Hick's co-owner, George Gillett, is understood to have agreed in principle to sell 49 per cent of his 50 per cent stake to DIC, and the other 1 per cent to Hicks to give him a controlling interest.
DIC have accepted that Hicks, co-owner of Kop Football (Holdings) Limited, will not sell his share in the near future, but would insist on a clause giving them first refusal to buy his stake.
Hicks and Gillett bought Liverpool for £219 million a year ago.
Tags: Liverpool FC DIC
