Dubai International Capital, the investment agency owned by the ruler of Dubai, has denied involvement in possible bids for both Newcastle and Liverpool.

 
 Mike Ashley has felt the wrath of the fans and now Middle East investors could be put off
Backing down: Mike Ashley has felt the wrath of the fans and now Middle East investors could be put off Photo: PA

It follows the news that Mike Ashley wants to sell Newcastle after a tumultuous few weeks at the club and reported talks with Liverpool’s American owners over a fresh bid.

“DIC can confirm that it is not involved in any negotiations to buy LFC and is not planning a fresh bid for LFC or any other football club,” the United Arab Emirates-based company said in an e-mailed statement.

The sports retail tycoon, who bowed to fan power on Sunday, has despatched his representatives to the Middle East to find a buyer for the strife-torn club, but it looks as if Newcastle’s hierarchy will have to look elsewhere for potential investors.

 

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