Sheikh Mohammed ditches DIC as he steps up his bid to buy Liverpool

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Mega-rich Sheikh Mohammed is considering making a fresh bid for .

The Arab leader of Dubai has ditched DIC - the investment arm of his government - as the buy-out company he will use if he gets the chance to purchase the Anfield club.

And the billionaire is ready to sink his own money into the club to build a new stadium and invest heavily in the team, reports The Mirror.

American owners Tom Hicks and George Gillett are reportedly prepared to sell, but only at £300million above the Arab's valuation of around £450million.