What has happened?
A consortium led by Amit Bhatia, the former co-owner of Queens Park Rangers and son-in-law of the Indian steel magnate Lakshmi Mittal, has opened talks with Liverpool’s owner, Fenway Sports Group, over buying a significant stake in the club. Neither party has commented on the size of the stake or the investment amount being offered but it is believed to be a provisional offer of £1.35bn for about 30%. Discussions began three months ago but FSG insists the talks remain at a preliminary stage.