|
| Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features |
| IPL 2010 ~ Sachin Tendulkar ~ 2010 Hockey World Cup ~ Roger Federer ~ Tiger Woods ~ 2010 BNP Paribas Open |
|
Home
/ Sports News / 2010 / February 2010 / February 9, 2010 |
Rafa says Torres as valuable as Rooney
New York equity firm in talks to buy 100 m pound stake in Liverpool FC
Liverpool swamped with calls from potential investors
New York equity firm in talks to buy 100 m pound stake in Liverpool FC
Reliance Industries says future Pak Finance Minister not its money manager
Indian business bigwigs meet in Assam for development
Richest Indian Mukesh Ambani amongst Forbes top ten Billionaires
Shehnai maestro Bismillah Khans family laments govt. apathy on legends birthday
Popes letter of apology disappoints Irish sex abuse victims
Ana Beatriz Barros is new face of Marks and Spencer lingerie
Alankit Group to provide services to New Pension System subscribers
Ashes move from Sky TV to BBC will cause collapse of cricket: ECB
Billionaire Indian businessman Mukesh Ambani and Sahara Group chairman Subrata Roy have reportedly set their sights on buying debt-ravaged Liverpool FC from their American owners Tom Hicks and George Gillett Junior.
London, Feb.9 : Billionaire Indian businessman Mukesh Ambani and Sahara Group chairman Subrata Roy have reportedly set their sights on buying debt-ravaged Liverpool FC from their American owners Tom Hicks and George Gillett Junior.
According to The Times, approaches for buying of ownership stakes in the club began as early as November and some preliminary talks have taken place.
Both Ambani and Roy have reportedly indicated that they are ready to pay off Liverpool's 237 million-pound debt in return for a 51 per cent stake in the club.
Last night, however, Christian Purslow, the Liverpool chief executive, denied any knowledge of either bid.
Each deal requires that the present owners make a commitment to take no dividends or expenses out of Anfield for three years to allow the club to resume a secure financial basis.
One of the potential owners has also indicated a willingness to allow supporters to take a 10 per cent stake in Liverpool.
A source close to Hicks and Gillett said that the duo would reject on principle any bid that left them with less than 50 per cent of the club's shares unless it involved either of them selling out entirely.
A sale of more than half of the total stake would mean they would lose control of the club.
It is understood that Liverpool's banker, the state-backed Royal Bank of Scotland, is pressing Hicks and Gillett to cut their asking price.
The bank declined to comment last night, but a source close to RBS said that there has been plenty of interest in Liverpool from investors.
However, the source added, the owners are blocking all deals on the table because they refuse to budge on price.
Roy, whose interest appears more serious, has been linked with ownership of one of the next IPL franchises, possibly to be based in Lucknow, where the Sahara Group, of which he is chairman, is based.
ANI
