DIC close to deal with Gillett for 50 pct stake in Liverpool FC - sources 03.05.08, 5:47 AM ET LONDON (Thomson Financial) - Dubai International Capital (DIC), the investment arm of the Dubai government, is close to agreeing terms with George Gillett for his 50 pct stake in Liverpool Football Club, Thomson Financial News has learnt. Yesterday it emerged that DIC last week made a 400 mln stg indicative offer for Liverpool which would allow Gillett and his business partner Tom Hicks to exit with a 50 mln stg profit just over a year after they took over the club. According to sources familiar with the negotiations Hicks rejected the offer but Gillett, whose relationship with Hicks has soured, is keen to sell. 'They (DIC) are getting there, it will take another couple of days, they'll take Gillett out first,' the sources said. 'They know what Hicks can't do at the minute so it's about taking Gillett out first, then they move on to the next man.' The sources insisted DIC is not considering increasing its offer. The situation is complicated by both Gillett and Hicks apparently having first refusal on each other's holding in Liverpool and the power of veto over any third party sale. However, the sources indicated there may be a way around this. Both Gillett and DIC's legal teams are understood to have held extensive talks yesterday. Publicly Hicks has said he remains committed to Liverpool and has hinted he may attempt to buy out Gillett's holding. However, it is understood that privately he has been negotiating with DIC. Meanwhile, Liverpool supporters are tonight expected to hold another demonstration against the club's American owners when West Ham visit Anfield stadium in a crucial Premier League match.