India's wealthiest man denies Liverpool takeover deal

09 February 2010 08:33
But another Indian businessman who is also said to be in the running for the Merseyside club appeared more circumspect. [LNB]The Times reported that Ambani, the world's seventh-richest man, was one of two tycoons from the subcontinent who were interested in buying a stake at Anfield.[LNB] Related ArticlesGerrard's pride at Liverpool revivalDon't believe the hypeEverton cast once more in red shadowLiverpool 1 Everton 0Moyes warning for LiverpoolMoyes shows signs of a top-class managerAccording to the report, Ambani's Reliance Industries and Sahara Group chairman Subrata Roy had each tendered similar bids to pay off Liverpool's £237 million debts in return for a 51 per cent stake in the club. [LNB]"There is no truth to the report. We deny it completely," Reliance spokeswoman Sudeep Purkayastha said. [LNB]Ambani is worth $19.5 billion from his investment in Reliance Industries, a petrochemicals giant, according to Forbes business magazine. [LNB]In 2008, Ambani created the Mumbai Indians, one of the eight teams in cricket's Indian Premier League. [LNB]Roy's interest in Liverpool, however, appears "more serious". His Sahara conglomerate said it could neither confirm nor deny that a bid was in the offing. [LNB]"We are presently not in a position to comment," Sahara spokesman Abhijit Sarkar said. [LNB]Sahara has been linked with ownership of one of the next IPL franchises, possibly to be based in the northern Indian city of Lucknow, where the group is headquartered. [LNB]Pressure has been mounting on Liverpool's feuding owners, US businessmen Tom Hicks and George Gillett Jr, to cut a deal to sell the Anfield club. [LNB]

Source: Telegraph