New Delhi, July 21 -- Liverpool Football Club's American owners are reportedly in discussions to offload a substantial minority stake to an investment group fronted by Amit Bhatia and supported by the Mittal family, in a deal that could value the Premier League champions at more than Rs.57,800 crore (£4.7 billion), according to Financial Times report.

The consortium, headed by Amit Bhatia, who is married to the daughter of steel magnate Lakshmi Mittal, has already appointed advisers to help shape a formal offer. Talks with Fenway Sports Group, Liverpool's current owner, are said to be active, FT report states.

Fenway Sports Group, which is led by American billionaire John Henry, acquired Liverpool for £300 million back in 2010...