The group said it had entered a short period of exclusive talks with aprospectivebuyer for its Ladbroke Casinos business, following the receipt of an unsolicited approach announced last month.
In countries like the United States and Britain, there are well-defined paths that the prospectivebuyer of a company can follow to have a case heard and voted on by the target company's board and shareholders.
Liverpool are in serious danger of missing out on qualifying for next season's Champions League, which would have a major impact on the finances at the club and the value to any prospectivebuyer.