GMR promoter may take over Liverpool football club: Report

Indian billionaire G Mallikarjun Rao may take over English Premier League Club Liverpool for a whopping £450 million, a British newspaper has reported.

Rao, who is worth £4.2 billion and owns the Indian Premier League cricket team Delhi Daredevils and runs a southern-based infrastructure major, is considering a major investment in Liverpool after its co-owner Tom Hicks approached him for a sponsorship, News of the World said.

“The GMR group (owned by 58-year-old Rao) was invited by Hicks and its representative watched the Arsenal match in the directors' box with Hicks' son Tommy. It was quite clear the representative was a fan,” a source was quoted as saying.

 

In fact, it all started with the American co-owners, Hicks and George Gillett, wanting to sell the club for £450 million or invite huge investment to back Liverpool's re-emergence as a title force.

The two have endured a fractious relationship since joining forces at Liverpool, arguing over the governance and direction of the club, but recently have presented a united front as they strive to attract new finance.

Liverpool is also understood to have held talks with a Kuwaiti investment group, led by Naffer Al Kharafi, the report said.