Sheikh Mohammed has quit Dubai International Capital to launch a mega bid for Mersey giants Liverpool on his own.

He will try to use his own fortune to buy the Anfield club from Americans Tom Hicks and George Gillett.

According to the Mirror, it will allow him to invest far more money into Liverpool.

DIC's charter states the government company must "maximise long-term shareholder value", which in effect means it should turn over a big profit as soon as possible.

But the current financial climate wouldn't allow that with Liverpool, and instead the Arab billionaire is ready to sink his own money into the club to build a new stadium and invest heavily in the team.

Sheikh Mohammed wants to rival the Abu Dhabi owners of Manchester City, and now sees Liverpool less in terms of a pure investment. But despite being among the wealthiest men in the world, he still refuses to pay over the odds to the Americans.

The Mirror understands that Hicks and Gillett are prepared to sell, but only at US$526 million above the Arab's valuation of around US$787 million.

Sheikh Mohammed's advisors though, feel that the Americans are in deep trouble because of the global credit crunch, and will be forced to sell unless there is a swift economic upturn.