Ambani Reds bid denied

Indian billionaire not bidding for Liverpool stake

Last updated: 9th February 2010   Subscribe to RSS Feed

Ambani Reds bid denied

Ambani: Reds denial

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India's wealthiest man Mukesh Ambani denied reports that he is in the running to buy a controlling stake in Premier League giants Liverpool.

It was suggested that Ambani was one of two tycoons from the sub-continent competing to buy a share in the Anfield club with Tom Hicks and George Gillet Jr under pressure to sell.

Ambani's Reliance Industries and Sahara Group chairman Subrata Roy had reportedly each tendered similar bids to pay off Liverpool's £237million (€270) debts in return for a 51 percent stake in the club.

Denial

However, Ambani, the world's seventh-richest man, has rubbished the report that they are interested in investing in the Merseysiders.

"There is no truth to the report. We deny it completely," Reliance spokeswoman Sudeep Purkayastha stated.

The newspaper said Roy's interest in Liverpool appeared "more serious", although his Sahara conglomerate said it could neither confirm nor deny that a bid was in the offing.

"We are presently not in a position to comment," explained Sahara spokesman Abhijit Sarkar.