Liverpool chairman Martin Broughton admits Kenny Dalglish was never a contender for the manager's job.
On the day Roy Hodgson was officially unveiled as the new manager, the Reds chairman Broughton spoke on Dalglish's bid to make an incredible return to the hotseat.
Broughton said: "Kenny put his name in for the job and we appreciated the fact he wanted to do it but he was never a candidate. He is happy in his current ambassadorial role."
On a potential takeover of the club - with Tom Hicks and George Gillett looking to sell up - Broughton added: "Information has gone out to a number of people who have expressed an interest.
"There haven't been any offers to turn down but we wouldn't expect any offers at this stage. There is no specific deadline but hopefully a deal can get done before the end of the transfer season.
"But these things can take quite a bit of time. We're on course pretty well to be where we expected to be at this stage."
