Hicks held talks with Dubai

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DIC rejected the opportunity and Hicks insists that is the end of the matter. Hicks, and fellow co-owner George Gillett, are now focusing on taking Liverpool forward after completing their £350 million refinancing package.

While Hicks said that there was never any intention to sell the club to DIC, he told Radio Five Live's Sportsweek programme: "I did talk to them about a 10-15% participation but that was months ago."

He added: "We gave them a valuation as a minority investor but they thought the price was too high. We have had no conversations since then.

"We would have used that capital towards the new stadium but we will find other ways.

"We have the capital. I have put in a lot of money and we will put in more in if need be. I am very excited about the future of the club.

"This will be the finest football stadium in the world. People should be very proud of it and I want to win the support of Liverpool fans with my actions."

Hicks has indicated he would like Rafael Benitez to remain as manager at Anfield when his contract ends in two years.

Hicks has also stated that he would back Benitez's bid to secure £17million-rated midfielder Javier Mascherano on a long-term deal.

The American businessman's backing comes at a time when Liverpool are struggling to claim a Champions League place, lying sixth in the Premier League , two points behind fourth-placed Merseyside rivals Everton.