LIVERPOOL (AFP) -- Dubai Investment Capital (DIC) have made a 400 million pounds bid for Liverpool, the Liverpool Echo has reported.

The offer would give the English Premier League club's American co-owners Tom Hicks and George Gillett a profit of 25 million pounds each, the newspaper said.
However, DIC spokeswoman Jehad Saleh denied reports that the duo had been given a deadline of midnight (0000GMT) Tuesday to accept the offer.
“No figures have been (publicly) mentioned, and talks are ongoing,” she said. “No timeline has been set on the talks.”
DIC, the investment arm of the UAE's ruling royal Maktoum family, was originally in competition with Gillett and Hicks to buy the club from former owner David Moores before withdrawing in favour of the American duo in January last year.
But their interest in taking over Liverpool does not appear to have waned and this latest offer comes amidst reports that Gillett is keen to sell.
However, only last week Hicks made it clear he would be retaining his stake and indicated he might try to buy Gillett out. However, on Tuesday Hicks said reports he was trying to assume overall control were “premature”.
“It's no secret that we have been in discussions with the current owners,” DIC chief executive Sameer al-Ansari, a Liverpool fan, told www.skysports.com on Tuesday.
“It's not easy because the owners are in dreamland about valuations at the moment,” he added.
Al-Ansari subsequently added that one of the club's owners “had come out of dreamland”, without saying who that person was.
As things stand at the moment, neither Hicks nor Gillett can sell without the other's consent.
And with DIC thought to want a controlling stake at Anfield, they would also need to buy some of Hicks's holding as well as buying all of Gillett's 50 percent share in the club.
In January, the American duo announced a refinancing package which landed Liverpool with 105 million pounds of debt.
Takeover speculation is being fuelled by the fact the refinancing deal lasts for 18 months which means the club will soon have to start re-negotiating their debt.
Liverpool also seem set to go back to the banks for an additional 300 million pounds loan to help pay for a new stadium in Stanley Park, near Anfield.
Liverpool crashed out of the FA Cup to second-tier side Barnsley and are a huge 15 points behind Premier League leaders Arsenal.
But they still have a chance of winning this season's lucrative European Champions League after a 2-0 first leg win at home to Italian giants Inter Milan left them well-placed to reach the quarter-finals.
However, Liverpool are three Premier League points behind city rivals Everton, who currently the fourth and final Champions League place on offer to English clubs.