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GM Rao could bid for Liverpool

The billionaire owners of an Indian Premier League (IPL) cricket team have held talks about buying into Liverpool, according to reports.

Representatives of the GMR group, who run the Delhi Daredevils team, were guests at Anfield for Tuesday's 4-4 thriller with Arsenal.

GMR chairman Grandhi Mallikarjun Rao is worth an estimated £4.2billion and the senior official he sent to Liverpool in midweek is thought to be a Reds fan.

Talks were started by Reds' co-owner Tom Hicks, initially about securing a sponsorship deal. But Bangalore-based GMR are believed to be keen to branch out into other sports.

Hicks and fellow American George Gillett, split by constant bickering since their initial takeover, formed a united front for the Arsenal game by sitting together in the Anfield director's box.

They met with the Indian officials who were given a VIP tour around Anfield after the capacity crowd had left the stadium.

Gillett and Hicks had been in Liverpool all week and remained for almost two hours of discussions.

The talks come as the pair must soon refinance the £350 million loan which enabled them to buy the club in 2007.

Rao, 58, made his fortune in the airport and construction industry and recently formed a company to invest in sport, with English football considered the most attractive.

Source: In The News

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