The Sahara Group have dropped out of the running to complete a takeover of Liverpool after expressing initial interest earlier in the year.
The conglomerate - fronted by Subrata Roy - were understood to be one of six parties eager to oust American owners George Gillett and Tom Hicks this summer. Speaking to Bloomberg, however, spokesman Abhijit Sarkar declared that no deal would be completed by the Indian company after the club asked prospective buyers to submit information of how a move would be financed.
He said: "The deal for acquisition of the Liverpool Football Club was in our consideration in the recent past.
"However, after considering all related factors, we have decided not to go ahead with it, at least for the time being."