10 Aug 2010Indian group pull out of Liverpool bid

Football Clubs News | Football Finance News

A group of Indian businessmen have withdrawn their offer for sought-after English Premier League football club Liverpool, whose owners are urgently seeking fresh investment.

Gorakhpur-based Sahara India Group - led by financial services tycoon Subrata Roy - admitted to being interested in purchasing the Merseyside outfit, but has now opted to put its interest in Liverpool on the back burner.

"The deal for [the] acquisition of Liverpool Football Club was in our consideration," communications chief Abhijit Sakrwar explained. "However, after considering all related factors, we have decided not to go ahead with it, at least for the time being."

Sahara's announcement appears to clear the way for either Syrian entrepreneur Yahya Kirdi or Chinese billionaire Kenny Huang, both of whom have reportedly been in advanced negotiations with Liverpool in recent weeks.

Last week, the Financial Times quoted a source close to chairman Martin Broughton as saying the club expect to receive around six takeover bids this week.

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Written by Terry Mitchell 

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