English Premier League: The Latest on the Liverpool FC Sale

Liverpool FC club Chairman Martin Broughton has said that nothing is yet certain about the sale of the club, but he added that the first round of talks with potential bidders will take place in mid-July.

Broughton also assured fans that the club will be sold to the right man, he said that the club will be sold to the best bidder and not the highest bidder.

No Offer's Yet.

Broughton told reporter: "There have not been any offers at this stage. There haven't been any offers to turn down and I wouldn't have expected there to have been at this stage."

Interested Parties.

"There are a number of interested parties but there's no specific deadline on it. We are looking to the middle of July for the first round of bids but that's not a final stage - that's a first entry through."

Expected Time of Deal.

"We're hopeful - and I wouldn't put it any stronger than that - that a deal can be done by the end of the transfer season. That was always from the outset a hope rather than necessarily an expectation, because these things can take time.

"We are on course, pretty well, with where we would have expected to be."

My Role in the Sale.

Broughton further clarified his own role in the sale of the club adding: "The process is well under way and if I can remind you of what that process is - I have been brought in to oversee the sale process. The owners have stepped aside, stepped down. I'm overseeing the process and Barclays Capital are running the process."

"The process is a structured one. The information memorandum has gone out to a number of people who have expressed an interest. We're still in that process."

Role of Owners in Club Sale.

He was also asked about the role of the present owners Tom Hicks and George Gillet in the sale of the club. Broughton said: "The owners can't block the sale of the club. I read all too frequently numbers being floated about in the media, normally associated with Tom Hicks's name. I would like to make it clear there is no number. There is no base line. This is a willing buyer, willing seller auction."

Club to be sold to the Best Bidder.

"We will do a deal with what we consider to be the best bidder. The best bidder may not be the highest bidder. It's about more than just money. It's about stadium development, the team, and the whole piece."

"Once we've been through the process, the best bidder gets it."

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