Indian tycoon Mukesh Ambani has swiftly denied reports on Tuesday morning that he has made an offer to secure a 51% stake in Liverpool.

GettyImagesMukesh Ambani has denied making an offer for Liverpool

Described by the Times as the "seventh-richest man in the world", it was reported that Ambani's company Reliance Industries was one of two parties interested in paying off Liverpool's £237 million debt in order to take a large portion of the stake held by Tom Hicks and George Gillett.

Despite suggestions that talks have taken place between the interested parties and the club, Reliance has firmly distanced itself from claims that a bid has been tabled.

"There is no truth to the report. We deny it completely," Reliance spokeswoman Sudeep Purkayastha stated.

However, Subrata Roy's Sahara Group have refused to deny the same report, which named it as the other party to make an offer for the club. "We are presently not in a position to comment," explained Sahara spokesman Abhijit Sarkar.

Liverpool are seeking new investment in the club in order to alleviate debts placed on the club following a leveraged buyout by Hicks and Gillett in 2007.

The adverse economic climate has also seen development on a new stadium in Stanley Park suspended by the club's owners, who remain unpopular with the Liverpool supporters.