DIC are reportedly on the verge of completing their takeover of Liverpool. According to The Daily Mirror, the Dubai International Capital group - the investment arm of the Dubai government - have reached an 'outline agreement' with current owners Tom Hicks and George Gillett to buy the club for around £460million.
The Mirror claims that 'sources in New York' have confirmed that a deal is in place, and could be completed by the middle of March.
DIC failed in their initial bid to buy Liverpool when Hicks and Gillett took over in 2007, but are now prepared to effectively double the Americans' money for the club.
Hicks and Gillett recently completed a £350million refinancing deal on the money they borrowed to buy the club, which left Liverpool saddled with around £105million of debt.
While Rafa Benitez has, to put it mildly, had his disagreements with Hicks and Gillett, the takeover might not be the best news for him after all.
Reports earlier this week suggested that DIC were not convinced that Benitez was the right man to take Liverpool forward, having been less than impressed with his public rows with the current owners.
