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Liverpool chairman Tom Werner has rubbished speculation that Fenway Sports Group recently rejected an offer of £1.5billion for the club.

The American businessman tonight told the ECHO that there was “no truth” to reports in the Middle East that the owners had been involved in year-long negotiations with an investment consortium led by Dubai financier Amanda Staveley.

“We have better things to do than batting down rumours about negotiations with Ms Staveley,” Werner told the ECHO.

“However, there's no truth to them.”

(Image: Owen Humphreys/PA Wire)

Abu Dhabi-based publication 'The National' today claimed that Staveley and her firm PCP Capital Partners offered FSG an initial £1.2billion in cash for Liverpool potentially rising to £1.5billion dependent on Champions League performance.

They claim the sale was 'killed at the eleventh hour' with FSG pulling the plug last month because 'with global TV rights expected to rapidly increase over the next two cycles the group believed that the club was being undervalued'.

FSG, who bought Liverpool for £300million in 2010, insist they have no interest in any talks over a potential sale as they remain committed to the club for the long-term.

They are in the process of securing planning permission for a new £50million training ground in Kirkby and are conducting a feasibility study with a view to redeveloping the Anfield Road End of the club's stadium which would increase capacity to beyond 60,000.