Liverpool news

Sahara Group no longer interested

August 9, 2010

One of the parties interested in buying Liverpool have taken a step back from the process.

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The Sahara Group, headed by businessman Subrata Roy, had been considering buying into the club earlier this year.

However, as various parties assess their next move - Liverpool have invited prospective new owners to make official offers detailing how their bid will be financed - the huge Indian conglomerate have decided not to proceed.

"The deal for acquisition of the Liverpool Football Club was in our consideration in the recent past,'' said head of corporate communications Abhijit Sarkar in a statement to Bloomberg. "However, after considering all related factors, we have decided not to go ahead with it, at least for the time being.''