Liverpool's board of directors have agreed the sale of the club to New England Sports Ventures, subject to Premier League approval and the resolution of a board dispute.
NESV currently owns a portfolio of companies including the Boston Red Sox baseball team, New England Sports Network, Fenway Sports Group and Rousch Fenway Racing.
The Merseyside club revealed last night they had received "two excellent financial offers for the club that would repay all its long-term debt".
Copyright (c) PA Sport 2009, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms