Tom Hicks insists he remains 'fully committed' to his role as Liverpool co-owner after denying he has been involved in discussions with Dubai International Capital over selling his stake.
DIC, the investment arm of the Dubai government, were interested in buying the club when Hicks and partner George Gillett took control of the Reds last year and have been linked with a renewed bid.
After friction with manager Rafael Benitez over transfer funds and last week's revelations that former Germany boss Jurgen Klinsmann had been approached by the Americans, reports of a potential deal with DIC again came to light.
With concerns in some quarters over Gillett and Hicks' financial plans and ideas for a new stadium, it had been suggested the pair may accept a potential bid of up to £500million.
However Hicks yesterday released a statement distancing himself from those claims.
It read: 'I have not received any offer to purchase the club from the DIC or anyone else, much less accepted any such offer. Nor do I have any intention of doing so.
'Whoever is behind this false report, the facts are that I and my family have always been, and remain, fully committed to co-owning the club; that no-one in my family has ever indicated any intention or desire to sell our stake in the club; and that we expect and intend to be co-owners of the club, and to actively and enthusiastically support the club's manager, players and fans for many years to come.'
Hicks' statement was released to PA Sport through financial and corporate communications consultancy FD.
Star striker Fernando Torres, meanwhile, believes Benitez's future is safe at Anfield despite the recent friction.
The Spain striker, who was brought to the club by countryman Benitez in the summer, said: 'It's all a lie. Benitez will not leave and he will not be sacked.
'I can't see that happening. I don't think English football has lost its patience like it seems.'
The 23-year-old, speaking to Spanish newspaper Publico, also spoke of his satisfaction with life on Merseyside.
'It's different here (to Madrid). I can go and have a coffee without any pressure. I can go for a walk and not be reminded at every step that I am a footballer. That allows me to be more calm on the pitch and enjoy myself more.
'I can see that I play for a team which is respected by its rivals.
'And it is easy to get along with (Steven) Gerrard on the pitch. You don't have to do anything strange.
'Wherever you move he gives you the ball. He is fantastic.'