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Last Updated: Tuesday, 15 June, 2004, 14:18 GMT 15:18 UK

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Thai deal takes new twist

Liverpool to name Benitez

Thailand's biggest music and entertainment company has offered to lead a group of Thai investors in buying a stake in Liverpool.

Thai Prime Minister Thaksin Shinawatra had talks with Paiboon Damrongchaitham - chairman of GMM Grammy - on Saturday.

The investors are keen to buy a 30% share of the club for around �63m, according to deputy commerce minister Pongsak Raktapongpaisarn.

Thaksin earlier this year announced his plan to buy a stake in Liverpool.

But the deal has been fraught, with heavy public criticism following his plan to finance the purchase with a state-run lottery.

Critics said the funding plan would promote gambling and prompt the poor to put hard-earned money in a risky investment.

Thaksin had originally indicated he would buy the Liverpool stake with his own money.

But the government later said the stake would be owned by a new company to be set up under the government's Sports Authority of Thailand, a plan that now seems unlikely.

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