Reliance in denial of Mukesh Ambani`s bidding for Liverpool FC

Last Updated: Tuesday, February 9, 2010 - 09:50

London: Mukesh Ambani, chairman of Reliance Industries and Subroto Roy, chairman of Sahara Group are reportedly bidding for a 51 per cent stake in Liverpool football club, one of the most successful clubs in the history of English football.

However, Reliance spokesperson has denied any such claims and said that Ambani is not interested in the ownership of the football club.

Liverpool is presently owned by American duo George Gillett and Tom Hicks, who acquired the club in February 2007.

However, deported disagreements between Gillett and Hicks, and the lack of the fans` support, have led to rumours that that international buyers such as the Dubai International Capital would bid for the club.
The Liverpool club emerged as a takeover target for Ambani, the seventh-richest man in the world, as pressure mounted on Hicks and Gillett to cut a deal to sell the club, The Times reported.
Both Ambani and Roy have reportedly each tendered similar bids to pay off Liverpool``s 237 million pounds debt in return for a 51 per cent stake in the club. Liverpool chief executive, Christian Purslow, however denied any knowledge of bids by Ambani and Roy, but The Times reported that approaches began as early as November and that some preliminary talks had taken place.

PTI



First Published: Tuesday, February 9, 2010 - 09:50

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