Liverpool’s ownership group has reportedly rejected a 2-billion-pounds (2.57-billion-dollars) offer from the cousin of Manchester City owner Sheik Mansour to buy the Premier League Club.

The deal would have made it the most expensive takeover in the history of football if it came through

The report also said Sheik Mansour was ready with a £2billion valuation – taking on a minority Chinese investor and more money from a hedge fund.

This valuation was placed on the club before they reached the 2018 Champions League final.

On the other hand, Liverpool insisted that the club is not for sale, but are looking for a similar investment deal to the one Manchester City made with Chinese consortium CMC.

As reported by Dail Mail, the Reds owners Fenway Sports Group insist the club is not for sale. The report states that Sheik Khaled Bin Zayed Al Nehayan was exploring a takeover in the past year that valued Liverpool at £2 billion. Sheik Khaled, who is an Emirati member of the ruling family of Abu Dhabi, was interested in taking over the Premier League club, but ultimately it was not believed to be a credible bid.

FSG, who also own the Boston Red Sox, purchased Liverpool back in October 2010 in a deal worth £300 million.  Despite the bid being rejected. it is said that the club’s owners remain interested in outside investment.