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Subrata Roy to decide on Liverpool stake in 2 weeks: Report
Sahara Group chairman Subrata Roy is still mulling on buying out a stake in Liverpool and he will decide in the next two weeks whether to enter the race to take a 100 million Pound investment, a report said on Thursday.
London: Sahara Group chairman Subrata Roy is
still mulling on buying out a stake in Liverpool and he will
decide in the next two weeks whether to enter the race to take
a 100 million Pound investment, a report said on Thursday.
Liverpool have denied suggestions that Roy is one of the
half-dozen investors engaged in preliminary talks with
Christian Purslow, the club`s managing director.
Sahara Group has also refused to confirm their interest
in the debt-ridden club but `The Telegraph` said Roy will take
a call on the matter in two week`s time.
The newspaper, quoting unnamed sources, said Sahara Group
is "adamant no approach has been made to the Premier League
club but it is believed Roy is examining the viability of
buying a stake" which would dilute the shareholding of
Liverpool`s co-owners, George Gillett and Tom Hicks.
Meanwhile, Reliance Industries have also denied reports
that they were interested to take on Liverpool`s 237 million
Pound debt in exchange for 51 per cent of the English Premier
League side.
Purslow has said that he is hopeful of having secured the
100 million Pound investment which the club`s bankers have
said is a requisite of Tom Hicks and George Gillett`s debts
being refinanced.
The major challenge for him would be securing that
investment from individuals at a time when the Americans
appear unwilling to give up their majority share in Liverpool.
PTI
PTI