The Sahara Group, one of the parties expressing an interest in buying Liverpool, have cooled their interest.
They have taken a step back from the process, having previously looked into the prospect of launching a takeover of the Reds.
The group, headed by businessman Subrata Roy, are one of numerous parties believed to be in the running to remove George Gillett and Tom Hicks from Anfield.
However, the Indian conglomerate have opted against taking their interest any further at this juncture.
"The deal for acquisition of the Liverpool Football Club was in our consideration in the recent past," said head of corporate communications Abhijit Sarkar.
"However, after considering all related factors, we have decided not to go ahead with it, at least for the time being."
Chinese tycoon Kenny Huang and Syrian businessman Yahya Kirdi have also been linked with possible takeover bids of late, although neither has struck a deal as yet.