Messrs Hicks and Gillett are soon to be no more and Anfield makes way for new regime.
Liverpool are set to appoint a new chairman and ask a new bank to lead their search for fresh investment, BBC Sport understands.
Martin Broughton has been approached, with the British Airways chairman considering forming part of a restructured board at Anfield.
Barclays Capital, the bank’s investment arm, will head the latest attempt to find a new buyer for the club.
Co-owners Tom Hicks and George Gillett are ready to step down as co-chairmen.
The Americans believe that by presenting a united front, potential investors are more likely to be found.
Broughton has previously chaired the British Horseracing Board, and is a lifelong Chelsea fan.
He is also a former chairman of British American Tobacco, and the Confederation of British Industry.
Hicks and Gillett were seen together at Anfield for the first time in almost six months for Liverpool’s 4-1 win over Benfica in the Europa League quarter-finals on Thursday and have been holding talks over the club’s future. (BBC Sport)
Last week, the American pair rejected a £100m offer for a 40% stake in the club by the Rhone Group, a New-York based private equity firm, to the dismay of manager Rafa Benitez.
Liverpool have been asked by its principal creditor, the Royal Bank of Scotland, to reduce their £237m debt by around £100m, with the current lending arrangement running until this summer, although that could now be postponed.
A further refinancing deal, and the construction of a new stadium, depends on fresh capital being found.
The club’s managing director, Christian Purslow, has been trying to find new investors for several months with the help of investment banks Merrill Lynch and Rothschilds.
So good news is tempered by slightly worrying developments. Obviously being a lifelong Chelsea fan shouldn’t make a real difference to the manner in which Martin Broughton runs the club, if indeed he does take the job at Chairman at Anfield. Clearly his ability to run the club in an efficient and profitable manner is far more important than the fact he supports a club I personally can’t abide.
It does seem our Yank nightmare is nearing its end but lets not get too carried away as only time will tell if we can unshackle the mountain of debts they have pumped into the club. Will the new regime, when its put in place, back Rafa? Will they look to replace the gaffer? This summer could prove to be a pivotal season and we can only hope that things are going to take a turn for the better.
An innocent question to my fellow Liverpool fans. If a new order is about to dawn at Anfield would you still like Rafa at the helm? I still back the Spaniard but the tail end of this term and indeed the early portion of the next are very much a time for the boss to succeed or fail and he does have to deliver.