The financially troubled club was put up for sale by Tom Hicks and George Gillett Jr. in April, but Purslow said that none of the prospective bidders had provided proof of funding.

"We have had a number of bids for the club. We will take time to examine those extremely carefully," Purslow told BBC radio. "Second to that is (the need) to sell the club as soon as possible ...

"I am not going to put a time limit on it. The challenge now is to sort the wheat from the chaff." The two publicly known bidders are Kenny Huang, who heads a China-based investment group, and Syrian Yahya Kirdi, who is the frontman for Middle Eastern and Canadian investors.

Liverpool's Premier League campaign was beginning Sunday with a home match against Arsenal. The team finished seventh last season, causing the 18-time English champions to miss out on one of the four Champions League spots.

"We think our club and players belong in the Champions League — so that is where we would like to be," Purslow said. "I think there will be one or two more (player) ins and outs. There are a few people who will move on."