By Dan Roan
BBC sports news correspondent
Liverpool's board met on Tuesday after it received two new bids to buy the club, BBC Sport understands.
It is thought one of the bids is from Asia, with the other from America.
A source close to the negotiations said: "Both would significantly reduce the debt and give the current owners their original investment back."
But the club's co-owners Tom Hicks and George Gillett are understood to be opposing the sale of the Reds to either of the two parties.
Three independent members of the board - managing director Christian Purslow, chairman Martin Broughton and commercial director Ian Ayre - all favoured a sale.
But it is thought Hicks and Gillett are against accepting either of the bids as neither would see the American duo walk away with a profit.
Liverpool were put up for sale by American duo Hicks and Gillett in April with debts of £351.4m.
More to follow.
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