New Delhi: Two of the top-most Indian business magnates - Mukesh Ambani and Subrata Roy - have been said to be preparing ground to bid for takeover of one of the top English Premier League (EPL) clubs, Liverpool. The duo is supposed to have reached a decision to pay the club's £237m debt and in bargain hold a 51per cent stake, according to the Guardian.
Earlier, news was ripe that the Chinese businessman Kenny Huang was in fray for the said deal and competing for it with a Saudi Arabian consortium. He later also distanced himself from the conjecture that his deal was backed by the Chinese government.
Mukesh Ambani - the wealthiest Indian and Managing Director of the Reliance Industries - has well-known interest in buying sports teams, as he already owns the IPL cricket team Mumbai Indians. Subrata Roy - chairman of the Sahara Group - is a longtime supporter of Indian sports. His group sponsors the Indian cricket and hockey teams and has also recently bought the Pune IPL franchise that will be part of the competition in 2011.
Liverpool's co-owners, Tom Hicks and George Gillett, have reportedly been searching for investment but do not intend to sell more than 50 per cent of the shares.
Sudeep Purkayastha, a Reliance spokesman, however, denied the reports. "There is no truth to the report. We deny it completely," he said.
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