Roy Hodgson has a £3 million sack clause in his Liverpool contract.
The Sunday Mirror says Hodgson agreed to the kiss-off that would give him 12 months salary when he signed his three-year deal to succeed Rafa Benitez in June.
Chairman Martin Broughton said: "Roy knew when he signed up from Fulham that we were in the process of finding new owners, it was not a surprise to him.
"He was fully reconciled with the possibility there would be an ownership chance and the risk involved with that.
"But Roy is self confident and was, when he signed up, confident he was capable of doing the job at Liverpool. With that in mind provisions were made in Roy's contract to relate specifically to any change in ownership.
"But he came to the club knowing full well the circumstances and the risks attached to it."
NESV have indicated that they will work with Hodgson to rescue a season that has also seen the Merseysiders humbled by Northampton in the Carling Cup.