Mukesh Ambani enters race to buy football club Liverpool: Report

Billionaire Mukesh Ambani has entered the race to acquire English football club Liverpool FC, The Mirror reported on Sunday.

The club has been put up for sale by its current owner Fenway Sports Group (FSG), which bought it in October 2010, The Mirror said.

Goldman Sachs and Morgan Stanley have been appointed to assist FSG in selling the team.

A mail sent to Reliance Industries elicited no response till the time of going to press.

According to The Mirror, FSG is willing to sell the club for £4 billion. This is not the first time that Ambani is eyeing a stake in the Merseyside club.

In 2010, The Times reported that Ambani and Subrata Roy were willing to pay the club’s £237-million debt in return for a 51 per cent stake.

The Ambani-led Reliance Industries (RIL) has



significant interests in sports in India.

The group owns Indian Premier League (IPL) team Mumbai Indians and runs the football league, Indian Super League, along with the All India Football Federation.During the last few years, RIL, along with other corporates such as JSW, Hero MotoCorp and the Adani group, have joined the ranks of the Tatas to invest in football.

The Tata group has been running the Tata Football Academy in Jamshedpur, an elite football academy, for the last 35 years.

Apart from football and cricket, RIL has tied up with the Indian Olympic Association and the Athletics Federation of India to support athletes in multiple events. These include the Commonwealth Games, Asian Games and the Olympics.

Reliance will also set up the first-ever India House at the Paris Olympics in 2024 as part of the association.