Mukesh Ambani denies Liverpool takeover plans

Mukesh Ambani has distanced himself from reports that he plans a buyout of Liverpool.

It has been claimed that Ambani is one of two businessmen competing for a stake in the Reds.

Subrata Roy, chairman of the Sahara Group, was also reported to have tendered a bid to pay off Liverpool's £237million debt in return for a 51 per cent stake in the club.

Anfield chief executive Christian Purslow denied any knowledge of the bids, and a Reliance spokesman has this morning distanced Ambani form the stories.

Sudeep Purkayastha said: "There is no truth to the report. We deny it completely."

Meanwhile, Sahara spokesman Abhijit Sarkar said: "We are presently not in a position to comment."