Liverpool have released a statement denying that they have received a takeover bid for the club.

The statement read: “The board of Liverpool has noted recent press speculation and confirms that it is not in receipt of a takeover approach from any potential offer for the club.”

The speculation came following reports that current shareholder, Steve Morgan, is attempting to take control of the club.

Morgan is currently the third largest shareholder with 5%. The current largest shareholder is Chairman David Moores who owns 51% of the club’s shares.

Morgan also confirmed he is not looking to take control of the club from Moores.

A statement issued on behalf of the Liverpool-born property developer, read: “He has made a formal conditional proposal to underwrite a rights issue, which would result in a very significant injection of new capital into the club. The proposal has been turned down by the Liverpool board.”