India’s Richest Man Mukesh Ambani Set To Takeover Liverpool

Interesting news are out and it has been reported that India’s richest man is eyeing off a takeover of Liverpool.

It has been revealed that Liverpool emerged as a takeover target for the seventh-richest man in the world last night as the pressure mounted on Tom Hicks and George Gillett Jr to cut a deal to sell Anfield.

Mukesh Ambani, the wealthiest man in India, is one of two tycoons from the sub-continent competing to buy a stake in the Merseyside club.

It was also reported that the Sahara Group’s chairman, Subrata Roy, and Ambani’s Reliance Industries have each tendered similar bids to pay off Liverpool’s £237 million debt in return for a 51 per cent stake in the club.

Christian Purslow, the Liverpool chief executive, denied any knowledge of either bid, but newspapers have reported that approaches began as early as November and that some preliminary talks have taken place.

Ambani, now age 52, is said to be worth $19.5 billion (about £12.5 billion) more than the combined worth of Sheikh Mansour and Roman Abramovich.

According to Forbes business magazine, his wealth is derived from his investment in Reliance Industries, a petrochemicals giant.