London: Liverpool have received "two excellent financial offers" to buy the club that would repay all their long-term debt, the struggling Premier League club said on their official website.
"A Board meeting was called today to review these bids and approve a sale," a club statement said.
"Shortly prior to the meeting, the owners -- Tom Hicks and George Gillett -- sought to remove managing director Christian Purslow and commercial director Ian Ayre from the Board, seeking to replace them with Mack Hicks and Lori Kay McCutcheon.
"This matter is now subject to legal review and a further announcement will be made in due course," the statement added.
"(Chairman) Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the club at the earliest opportunity."
British media reported that the owners of the Boston Red Sox baseball team had lodged a bid while the other offer came from Asia. The Red Sox were not immediately available to comment.