Former Liverpool chairman Sir Martin Broughton admits he held talks with billionaire investors about buying the club.
The former British Airways chairman does still have a lot of affection for the Reds.
However, he admitted that most investors want to put their money in teams in London.
Broughton said to Liverpool Echo: "I didn't speak to Josh Harris and David Blitzer, as they have gone back to Crystal Palace, but I did speak to the other people in our consortium and Chelsea I spoke to, in case there was an interest in becoming a co-investor, not to acquire, but to become a co-investor.
"But they are already foreign billionaires with a pad in Knightsbridge or Chelsea or Kensington and they came to London fairly regularly and when they came to London it was to watch Chelsea.
"So they are all Chelsea fans and not in the 68-year way going down there to watch them in the way I am but that is their team and they enjoy going down there. They were attracted by the idea of investing in a football team and Chelsea specifically.
"When I approached them about Liverpool - and I didn't approach them about Manchester United, I would never approach them about Manchester United - but the result would have been the same. [They would say] 'well I've got a pad in London.' So that's not the type of person that is going to come in really at Liverpool.
"So I wasn't keen enough to go out and search for investors, new investors again. I think if anybody wanted my assistance in it, I would be willing to consider it but not actively.
"[FSG operating in the United States] hasn't harmed Liverpool. Tom Werner lives in LA, John Henry lives in Florida and Boston. They don't come to every match but they pitch up at certain matches and they are actively involved. Mike Gordon was over here on a more full-time basis in the past. You can make it work. Maybe [they bought Liverpool] because John didn't have a pad in London!"