Liverpool's owners have hired financial advisors to help assist them with an approach made by a consortium led by Chinese state-funded group Everbright and PCP Capital Partners, according to the Financial Times.
Fenway Sports Group (FSG), who purchased the Merseyside Premier League club in October 2010, have reportedly appointed investment bank Allen & Co to assist them in discussions over a possible sale of a "substantial stake" in the club.
However, a Liverpool source informed ESPN FC that FSG and Allen & Co have "a long-term relationship," with the latter providing advice on business and financial issues.