Liverpool - Indian takeover?
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Liverpool linked with £500m Indian takeover
Liverpool are reported to have held talks with Indian billionaire Grandhi Mallikarjuna Rao over a potential £500m takeover at Anfield.
Hicks and Gillett: Need readies for Reds.Representatives of Rao's GMR Group were guests at the Merseyside club earlier this week and witnessed the 4-4 draw with Arsenal.
Rao, who has a fortuned estimated at over £4bn and owns Indian Premier League Twenty20 cricket team Delhi Daredevils, is understood to be a Liverpool fan and is reportedly keen to invest in other sports, particularly English football.
The News of the World report that Liverpool co-owner Tom Hicks opened negotiations with Rao initially with a view to arranging a sponsorship deal, but the Indian businessman who made his fortune in the airport and construction industries is thought to be considering a major investment in the club which could lead to an eventual takeover.
Hicks and his co-owner George Gillett could be forced to sell Liverpool in July unless they can refinance £350m of loans the duo took out in order to takeover the club.
The two US sports investors have endured a fractious relationship since joining forces at Liverpool, arguing over the governance and direction of the club, but recently have presented a united front as they strive to attract new finance.
Liverpool are also understood to have held talks with a Kuwaiti investment group, led by Naffer Al Kharafi.
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