Liverpool owners Tom Hicks and George Gillett have confirmed their intention to sell the Premier League club by appointing a new chairman.
British Airways boss Martin Broughton has been handed the task of finding a new owner for the debt-ridden club.
The club has been engulfed in uncertainty for the majority of the season, with reports linking a number of parties with a potential bid for the Premier League outfit.
Manager Rafa Benitez’s has frequently complained about his inability to compete with his Premier League rivals in the transfer market and has repeatedly been linked with a summer move to Serie A outfit Juventus.
A statement on Liverpool’s official website read: “Following numerous expressions of interest from third parties, the club has engaged Barclays Capital to advise on the sale process. The club has the full support of its existing bankers for this process and has financing in place which will fully support the club’s operations.
“Mr. Broughton, currently chairman of British Airways PLC and deputy president of the Confederation of British Industry, will work alongside the club’s existing management team of Managing Director Christian Purslow,Commercial Director Ian Ayre and Financial Director Philip Nash.”
Hicks and Gillett said in a statement: “Owning Liverpool football club over these past three years has been a rewarding and exciting experience for us and our families.
“Having grown the club this far we have now decided together to look to sell the club to owners committed to take the club through its next level of growth and development.
“We are delighted that Martin Broughton has agreed to take the position of chairman, working alongside the club’s excellent senior management team.
“Martin is a distinguished business leader of excellent judgment and with a great reputation. He is a genuine football supporter and will seek to oversee the sales process in the best interests of the club and its supporters.”
Broughton said in a statement: “I am excited and honoured to be taking up this position.
“Liverpool is a great club with a fantastic history. I will run this sale process in the right way, for the benefit of the club and its fans.
“Liverpool is one of the world’s greatest clubs and my aim is to try and ensure that we find new owners who are able to build on the club’s recent improved financial performance in order to help deliver sporting success.”