Talks have moved forward for a consortium featuring Amazon founder Jeff Bezos to acquire around a 30% stake in Liverpool, BBC Sport understands.
The bid is led by British-Indian entrepreneur Amit Bhatia and also includes Facebook co-founder Eduardo Saverin.
Owners Fenway Sports Group (FSG) confirmed last month that the consortium had “expressed interest in making a strategic minority investment in Liverpool Football Club”.
Bhatia, son-in-law of Indian billionaire Lakshmi Mittal, served as a director and co-owner of Queens Park Rangers for 18 years before giving up his stake last month.
American businessman Bezos, who founded Amazon, is the world’s fourth-richest individual.
Forbes estimates the 62-year-old’s net worth at $256bn (£192bn).
FSG, which bought Liverpool for £300m in 2010, has previously sold a minority stake in the Anfield club to global sports investor Dynasty Equity.
BBC Sport approached FSG regarding the latest development, but the group declined to add further comment.
In January, Liverpool became the highest-earning Premier League club for the first time, according to Deloitte’s analysis.
The following month, the club reported record revenues of £703m for the 2024-25 financial year.