The Dubai investment group behind a proposed takeover of Liverpool has confirmed that talks are at an advanced stage.
A spokesman for Dubai International Capital said: “DIC confirms it has entered into a period of exclusive negotiations with Liverpool football club and Athletic Grounds Plc about a possible investment in the club.
“Dubai International Capital will be commencing due diligence in the coming days.”
The process of due diligence will enable DIC – a subsidiary of government-owned Dubai Holdings – to inspect Liverpool’s books with a view to a possible £450million takeover.
