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Steve Rotheram, mayor of the Liverpool City Region, has revealed that four people are 'very, very ill' in hospital after a car drove into a crowd of fans shortly after the conclusion of Monday's title parade.
Almost 50 people were injured in the incident, which took place on Water Street in the city centre.
Four children were among the 47 injured with 27 people being taken to hospital.
Rotheram appeared on BBC Breakfast on Tuesday morning to provide an update on the situation.
It was previously reported that two people, one adult and one child, had been left seriously injured.
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Asked if that represented an increase in the number of seriously injured people, Rotheram replied: "No, not directly, but of course we're in liaison with the police and with the ambulance services.
"Last night they had two gold command meetings.
However, he said there was 'detailed work' ongoing to determine how the car entered the closed street at such speed.
He added: "Our thoughts really should be with the people who are in hospital at the moment."
Rotheram said the Prime Minister was being kept informed and had offered to help in any way possible.
"All those things caused real consternation, but the police acted very, very quickly to put paid to some of that speculation.
"I don't think it's worth us speculating on what might have happened to the driver."
Speaking at a press conference on Monday night, Dave Kitchin from North West Ambulance Service confirmed that 27 people had been taken to hospital by ambulance.
He said: "We can confirm that our teams treated 20 patients at the scene for minor injuries and these did not need hospital treatment.
"27 patients in total were taken to hospital by ambulance, and we believe two of those, including one of the children, have sustained serious injuries."
Meanwhile, assistant chief constable Jenny Sims from Merseyside Police urged members of the public to avoid spreading misinformation on social media.
"The car stopped at the scene and a 53-year-old white British man from the Liverpool area was arrested," she said.
"We believe him to be the driver of the vehicle.