Ambani in Liverpool takeover bid: Report – Times of India

Reliance Industries Ltd chairman & managing director Mukesh Ambani has approached popular English Premier League club Liverpool with a takeover bid, according to a report in English newspaper Mirror.
However, “he will have to fight off interest from other parties from the Middle East and the US, with Liverpool’s current owners Fenway Sports Group having been swamped with tentative offers,” the report said. When TOI tried to contact Reliance, they declined comment. Ambani is No. 8 in the Bloomberg Billionaires Index with a net worth of $92. 2 billion. He and his family have a keen interest in the business of sports.
Reliance is the owner of Indian Premier League cricket franchise Mumbai Indians and also runs the Super League besides being the commercial partners of the All India Football Federation (AIFF).
It is not the first time Ambani has been linked with Liverpool. He had also reportedly eyed a takeover bid in 2010. The Times of London had reported that Ambani and Subrata Roy of the Sahara Group were lining up a bid to purchase 51% of the club’s stake from former owners Tom Hicks and George Gillett before FSG stepped in.
The American group purchased the club for just £300m in October 2010. In May this year, the Reds were valued at $4.5 billion.
The Mail on Sunday, meanwhile, reported that the owners could sanction a sale if they receive an offer of just $3bn, adding that the owners have been engaged in ‘secret talks’ with another American group.
Liverpool manager Juergen Klopp recently responded to the takeover rumours by stressing his commitment to fulfilling a contract that runs until 2026.



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