Liverpool are holding talks with American billionaire Robert Kraft as they look for a major cash injection.

Chief executive Rick Parry is believed to have met the owner of New England Patriots NFL team on Monday with a view to secure fresh funding for the Premier League club.

Liverpool have been searching for investment for 18 months, as they look to leave their Anfield home and relocate in a new stadium. Unfortunately, their ambtions risk being thwarted as costs for the new ground have escalated, raising fears that they may have to stay put at Anfield.

Talks with Thai Prime Minister Thaksin Shiniwatra did not result in any funding, while lifelong Liverpool fan Steve Morgan was snubbed in his attempts to buy into the club.

The Kraft Group bought New England Patriots for £98m in 1994 and also owns Major League Soccer team New England Revolution.

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