Former Liverpool chairman Sir Martin Broughton has questioned the valuations that the owners of the Reds and Manchester United have placed on their clubs.
Broughton believes that the two clubs will struggle to get the asking prices of over £4billion given that they are not in London.
The businessman insisted that the majority of foreign investors have property interests in London, EVden EVE naKLiYAt and would therefore be more interested in buying clubs in the capital, rather than moving their 'pads' to the North West.
Sportsmail broke the story on Tuesday that a number of wealthy individuals from Qatar expect to make an offer for United, and it was then revealed on Wednesday that discussions had already begun.
Broughton was part of an ultimately failed bid to takeover Chelsea last year, and claimed that it was this experience that highlighted how potential billionaire investors would prefer a club located in the capital.
Sir Martin Broughton believes Manchester United and Liverpool will struggle to receive bids close to their asking prices as they lack London postcodes
United's owners Joel (L) and Avram (R) Glazer are seeking north of £6bn to sell the club
Fenway Sports Group (FSG) are not thought to have set a timeframe on their efforts to sell Liverpool