Liverpool could see another change in ownership after two supporters groups filed a joint proposal to buy the Premier League club.

According to various reports from England, supporters groups 'Spirit of Shankly' and 'ShareLiverpoolFC' want to change the way how Liverpool are owned.

American businessmen George Gillett and Tom Hicks have been unpopular figures on Merseyside after the co-owners took out a massive loan to buy over the club.

They are due to complete a refinancing of the club's £350m debt to one of the banks which it owns the money - the Royal Bank of Scotland - on Thursday.

According to www.shareliverpoolfc.co.uk, their new "member-share" proposal is a reduction of the share price from £5,000 to £500.

The statement on the site said: "This is a realistic plan that squares the circle: How to get broadly based fan ownership of the Club, and relieve the level of debt, by offering Liverpool fans an affordable entry fee and a chance to get a modest return for their additional financial support. Now we need all those Liverpool fans to carefully consider the proposals in detail on our website - and let us know what they think".

A Spirit of Shankly spokesperson added: "This new proposal is a sound, sensible and workable plan which offers the only real solution for the Club: long term financing that isn't supported by short term - and expensive - bank debt. The new proposal can do precisely that."

Both supporters groups envision a 'fans-owned' football club model similar to Barcelona, Real Madrid and some of the major clubs in Europe.

They will be aiming to raise £150m to buy a 60% stake at the club.