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Journalism of Courage
Sahara Group chairman Subrata Roy is still mulling on buying out a stake in Liverpool and he will decide in the next two weeks whether to enter the race to take a 100 million Pound investment,a report said on Thursday.
Liverpool have denied suggestions that Roy is one of the half-dozen investors engaged in preliminary talks with Christian Purslow,the clubs managing director.
Sahara Group has also refused to confirm their interest in the debt-ridden club but The Telegraph said Roy will take a call on the matter in two weeks time.
The newspaper,quoting unnamed sources,said Sahara Group is adamant no approach has been made to the Premier League club but it is believed Roy is examining the viability of buying a stake which would dilute the shareholding of Liverpools co-owners,George Gillett and Tom Hicks.
Meanwhile,Reliance Industries have also denied reports that they were interested to take on Liverpools 237 million Pound debt in exchange for 51 per cent of the English Premier League side.
Purslow has said that he is hopeful of having secured the 100 million Pound investment which the clubs bankers have said is a requisite of Tom Hicks and George Gilletts debts being refinanced.
The major challenge for him would be securing that investment from individuals at a time when the Americans appear unwilling to give up their majority share in Liverpool.
