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Premier League informed of imminent Liverpool takeover

A takeover of Liverpool is now imminent.

The club and a number of interested parties have alerted the Premier League to a possible change in ownership.

Under tougher new rules on club ownership announced by the Premier League in response to Portsmouth's financial meltdown, all prospective owners are obliged to give the league 10 days' notice of a takeover and prove they have the funds to sustain the club.

It is understood Liverpool and a number of parties contemplating a takeover - including Chinese businessman Kenny Huang - have already contacted the Premier League to alert them a change of ownership could be imminent.

Under the rules, the Premier League will have to be given 10 days' notice of any takeover, and the prospective owners will be required to have a face-to-face meeting with league chiefs to convince them they have enough money for the season to come.

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