Reliance Denies Ambani's claim to bid for liverpool FC's takeover

LONDON: Reliance Industries has said the speculative reports about billionaire Mukesh Ambani entering the race to buy English football team Liverpool Foot Ball Club are not true.

Earlier in the day, a prominent British daily reported that there were rumors Mukesh Ambani had enquired about the club but added that a few people connected to the Mumbai-based Indian multinational corporation they spoke to could not confirm the development. Many media publications picked up the news. However, a Reliance spokesperson, meanwhile, called the news “fake”.

What The Liverpool Report Said: According to the reports released late Saturday, Ambani, the chairman and managing director of Reliance Industries, had enquired about the club.

The current owners of the English Premier League powerhouses, Fenway Sports Group (FSG), who bought the Merseyside club in October 2010, have reportedly hired Goldman Sachs and Morgan Stanley to assist them in selling the franchise. According to "The Mirror," the FSG is keen to sell the club for 4 billion British pounds.

As per reports, "Third parties expressing interest in becoming shareholders in Liverpool have repeatedly approached FSG. It  has earlier said that we would entertain additional shareholders under the correct terms and conditions if it was in the best interests of Liverpool as a club."

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