Mukesh Ambani and Subrata Roy ‘preparing Liverpool takeover bid’

• Indian billionaires seeking 51% stake in Anfield club
• Ambani owns IPL cricket team the Mumbai Indians

Two Indian business tycoons were reported last night to be lining up attempts to take control of Liverpool. Mukesh Ambani and Subrata Roy were said to be willing to pay off the club’s £237m debt in return for a 51% stake in the club.

Ambani is India’s wealthiest person with a fortune valued at about $20bn. He is the chairman of India’s Reliance Industries and owns the Mumbai Indians cricket team. Roy, chairman of the Sahara Group, which sponsors the India cricket team, is also a billionaire.

Liverpool’s co-owners, Tom Hicks and George Gillett, have been searching for fresh investment for some time but they are not thought to want to sell more than 50% of the club’s shares.

They have been seeking investment of £100m for a minority stake in the club. The Americans have been ordered by the Royal Bank of Scotland to reduce Anfield’s debt by £100m before July.

The Times, which reported the interest from the two Indian businessmen, said that Roy’s interest appeared to be the more serious. It reported that Liverpool’s chief executive, Christian Purslow, had denied knowledge of a bid but the paper said the pair had made approaches in November and that discussions had been held.

There is also said to be interest from the United States and from a Saudi Arabian consortium.

Hicks and Gillett are under pressure from supporters to sell. They took over in February 2007 but have not so far delivered on a project designed to deliver a new stadium and have provided the manager, Rafael Benítez, with little in the way of transfer funds for this season. Maxi Rodríguez was the only January signing.

LiverpoolPremier LeagueJon Brodkinguardian.co.uk

Liverpool victory a must in race for fourth, says Rafael Benítez

• One of most important Merseyside derbies of Spaniard’s reign
• Little margin for error ahead of defining stage of season

Rafael Benítez has admitted Liverpool’s struggle to secure a lucrative Champions League return has placed added significance on the 213th Merseyside derby and left the club little margin for error ahead of a defining stage in their season.

Liverpool are unbeaten in six league games going into the lunchtime meeting with Everton that Benítez ranks among the most important derbies of his six-year reign on Merseyside. Away trips to Arsenal and Manchester City follow the derby for Benítez’s team and, given the congested nature of the fight for fourth place plus the importance of the Champions League on Liverpool’s precarious finances, the ­manager admits there can be no slip-up against David Moyes’s improving side.

“Every derby is different and important for its own reasons, but this one will be very special because we have to win it,” the Liverpool manager conceded. “Every game for us now is important. When you’re not in a very good position, you know that every game will be crucial. It is true that we don’t have much margin for error. We know City have two games in hand, Tottenham are there, Villa have one game in hand so we cannot make too many mistakes. We have to keep winning our games and, because we will play City or Arsenal, we can reduce the gap or we will have more problems.

“If we win we will have more confidence and we will have to keep the team working very hard until the end. I think Arsenal finished fourth in the last week against Tottenham [two years ago] so it is something that we have to consider if it’s necessary. Hopefully not.”

Liverpool’s financial worries were made apparent this week when the club’s managing director, Christian Purslow, admitted the co-owners, Tom Hicks and George Gillett, must reduce the Anfield debt by £100m before July under the terms of their last refinancing deal with the Royal Bank of Scotland. And the impact of the debt on Benítez’s squad was re-emphasised by Moyes yesterday who, with words that will no doubt resonate with his Liverpool rival, claimed the gap between the Merseyside clubs is closing as a consequence.

Moyes, who reaches his 600th game in club management today and whose side are unbeaten in nine league matches, said: “I still think we are underdogs. They have had a decade of overspending and we have found it difficult to match that. Now, though, maybe it’s changing for them. Maybe they’re going to be in a similar situation to Everton. Look, they’re a really good footballing club with some great players. I don’t know what the future holds for them, but for eight or nine years we have had to deal at a different level, yet be judged on equal terms on the pitch, and because of things changing, then m aybe things are a lot closer now.”

Benítez was unable to sign the striker he felt Liverpool needed during the recent transfer window, despite raising over £7m through player sales, but claims he still has sufficient cover to sustain a ­Champions League pursuit in the absence of the injured Fernando Torres. “We don’t have the big name that maybe people expected, but we have [Dirk] Kuyt, [David] Ngog and Torres is fit in more or less one month, so I think we can manage. We are winning without Torres so hopefully we can keep winning without him and afterwards with him. Ryan [Babel] is a striker, he likes to play there, he has had to play as a left-winger because it could be good for us, but if it’s necessary we can move him.”

Benítez confirmed the club have reached a pre-contract agreement for the Standard Liège striker Milan Jovanovic, although the Serbia international is yet to put pen to paper on the deal.

LiverpoolRafael BenítezEvertonPremier LeagueAndy Hunterguardian.co.uk

Rafael Benítez admits Liverpool could have to sell Fernando Torres

• Failure to finish in top four could force the club’s hand
• ‘We have to do the best for the club,’ Benítez says

Rafael Benítez has admitted that he cannot guarantee he will be able to keep Fernando Torres at Liverpool if the club fail to finish in the top four of the Premier League this season.

The Liverpool manager said earlier in the campaign that Torres was “not for sale at any price” but has now acknowledged that key players could leave if he does not secure qualification for the Champions League. “Finishing in the top four is the key to keeping everyone together,” Benítez said.

Asked whether Liverpool, who have significant debts, would be able to resist a £100m offer from Manchester City for Torres, he said: “At the moment we have to do the best for the club – and the best for the club is trying to improve the squad.”

But when pressed for a second time on the matter, he replied: “We would have conversations if we had to decide about this.”

That appeared to be a reference to talks with the co-owners, George Gillett and Tom Hicks, who loaded on to the club the £174m they borrowed for their takeover. A failure to qualify for the Champions League would have a damaging impact on Liverpool’s finances.

LiverpoolRafael BenítezFernando Torresguardian.co.uk