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Liverpool FC - Source: Reuters -
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Liverpool have held talks with the billionaire owners of an IPL cricket team that could lead to massive investment and an eventual buy-out of the club
According to reports in British tabloid News of the World, representatives of the GMR group, who run the Indian Premier League's Delhi Daredevils, were guests of the club at last weeks 4-4 clash with Arsenal at Anfield.
It has been reported that GMR chairman Grandhi Mallikarjun Rao is worth an incredible 4.2 billion pounds; with the senior official he sent to the Merseyside club said to be a known supporter.
Talks where allegedly started by one half of Liverpool's current owners Tom Hicks, initially with a view to securing a lucrative sponsorship deal, but Bangalore-based GRM have also expressed a desire to branch out into other sports.
A Liverpool source reportedly told the NOTW: "The GMR group were invited by Hicks and their representative watched the Arsenal match in the directors' box with Hicks' son Tommy. It was quite clear the representative was a fan.
"When you look at the company's commitment to sport they're exactly the type of partner Tom would be looking for."
It is believed Liverpool's American owners have been searching for finance in order to put an end to the threat of having to sell the club for a cheaper rate in July.
Rao, 58, is said to have made his millions in the airport and construction industry and recently formed a subsidiary company to invest in sport - with English football considered to be the most attractive option.
What do you think about this proposed takeover? Would it be a help or hindrance for Liverpool?
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Post new commentLiverBird said on 2009-04-27 @ 19:15 NZDT: Report abusive post
I think this could be a great investment for LFC. Just as long as they give us the cash, leave Rafa to get on with it and don't bring in shiny cheerleaders and such!