Business News/ News / India/  Mukesh Ambani in race to buy English Premier League football club Liverpool FC, willing to pay…

With Mukesh Ambani showing interest in purchasing Liverpool FC, the club may be headed for an Indian takeover, according to The Mirror. Ambaniwill have to fend off interest from parties in the Middle East and the US in order to acquire the famed English football team Liverpool, the report says.

The potential buyers reportedly want to sell for £4 billion, and there is a bigger interest in buying the Merseyside club outright. However, Ambani, who has a net worth of almost £90 billion and is a keen sports enthusiast, won't be deterred by that sum. Fenway Sports Group (FSG), which acquired the Merseyside club in October 2010, has hired Goldman Sachs and Morgan Stanley to help them sell the team, as per the report.

The Reliance chairman, one of the richest people in the world, would be willing to invest millions of dollars in the team in order to strengthen Liverpool's aspirations to continue being one of the continent's most successful clubs - as per The Mirror.

In India, football has always been popular even though it has continuously had to fight with cricket, a much more celebrated game in the country. The English Premier League is very popular among Indian fans, with Liverpool being one of the teams that receives the most support and has sky-high shirt sales.

This is not the first time such a report has come up. In August 2010, media reports suggested that Mukesh Ambani and Subrata Roy submitted their offers for Liverpool. Ambani was dubbed "World's Richest Sports Team Owner" in 2008 after buying Mumbai Indians, one of the leading teams playing for the Indian Premier League (IPL).

A statement from FSG read: "There have been a number of recent changes of ownership and rumours of changes in ownership at EPL clubs and inevitably, we are asked regularly about Fenway Sports Group's ownership in Liverpool."

(With agency inputs)

Sounak Mukhopadhyay
Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. He's worked for the International Business Times, The Inquisitr, and Moneycontrol in the past. He's also contributed to Free Press Journal and TheRichest with feature articles. He covers news for a wide range of subjects including business, finance, economy, politics and social media. Before working with digital news publications, he worked as a freelance content writer.
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Updated: 13 Nov 2022, 02:08 PM IST
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