Fenway Sports Group (FSG) will celebrate one year as owners of Liverpool on Saturday, with Manchester United travelling to Anfield to contest the north-west derby.
On October 15 2010, John W. Henry brought to an end the tumultuous reign of George Gillett and Tom Hicks to save Liverpool from the brink.
The American businessman has since spent £110.5 million on transfer fees in an attempt to restore the glory days of the 1970s and 1980s on Merseyside.
As the first anniversary approaches, GMF takes a look back at some of the key moments in FSG's Liverpool tenure…
October 15, 2010
American sports investment company Fenway Sports Group - led by John W. Henry and Tom Werner - confirm the purchase of Liverpool FC for £300 million.
FSG were famed for the work they had done in transforming baseball franchise the Boston Red Sox from also rans to World Series winners two occasions.
In Liverpool, Henry saw similarities between the club and the Red Sox and identified restoring the glory days at Anfield as a risk worth taking.
October 17, 2010
John W. Henry and FSG representatives - including future chairman Tom Werner - attend their first game as Liverpool owners.
It was a day to forget, however, as the Reds were defeated 2-0 after a lacklustre display at Goodison Park in the Merseyside derby.
November 3, 2010
Damien Comolli joins from Saint-Etienne and is named Liverpool's director of football strategy. The Frenchman was tasked with overseeing player recruitment at the club, and shared similar ideals to John. W Henry.
January 8, 2011
Roy Hodgson departed Liverpool by 'mutual consent' following only seven wins in 20 Barclays Premier League games since succeeding Rafa Benitez as Reds boss.
"We are grateful for Roy's efforts over the past six months, but both parties thought it in the best interests of the club that he stand down from his position as team manager," said Henry in a statement. "We wish him all the best for the future."
The Liverpool owner also confirmed that Kenny Dalglish would take over the manager's role for the remainder of the season.
January 31, 2011
On January 27, Liverpool rejected a £40 million bid from Chelsea for their Spanish striker Fernando Torres. The Anfield star then submitted a transfer request the following day, which was also dismissed by the Reds.
However, on deadline day, Liverpool decided to accept an improved offer of £50 million from the Blues, and Torres completed a British record transfer to Stamford Bridge.
With the funds from the Torres sale, Liverpool moved to compensate for their loss and signed Andy Caroll from Newcastle for a club record fee of £35 million.
February 6, 2011
Liverpool sealed an impressive 1-0 win away at Chelsea thanks to a goal from summer signing Raul Merieles. Fernando Torres made his Blues debut against his former club, and the Reds a fourth consecutive under Kenny Dalglish.
March 6, 2011
A month on from the victory at Stamford Bridge and Liverpool continued to impress with Kenny Dalglish at the helm. The Reds triumphed 3-1 over bitter rivals Manchester United at Anfield to dent the latter's hopes of winning the title. Dirk Kuyt scored a hat-trick, while Luis Suarez also starred for Liverpool.
May 12, 2011
Kenny Dalglish is awarded the Liverpool manager's job on a full-time basis and signs a three-year contract.
John W. Henry said: "Since returning in January he has shown extraordinary leadership and the ability to bring the best out of so many people associated with the club.
"It was obvious to us very early on that the atmosphere surrounding the club had been transformed by his presence.
"No one else could have produced such a response. Therefore, I'm delighted we have agreed to a new contract. We didn't need nor want to look elsewhere for the right man to manage the team."
May 15, 2011
Tottenham won 2-0 at Anfield to end Liverpool's hopes of qualifying for European football. The Reds had been ousted from the Europa League by Braga in March, and end up finishing sixth in the Barclays Premier League.
August 31, 2011
Craig Bellamy signed for Liverpool on a free transfer to round off busy summer window for the Reds.
FSG backed Kenny Dalglish and Damien Comolli with substantial funds, and Jordan Henderson, Charlie Adam, Stewart Downing, Jose Enrique, Alexander Doni, Sebastien Coates and Bellamy all move to Anfield.
October 11, 2011
Liverpool chief executive Ian Ayre makes controversial comments claiming the Reds should be able to negotiate their own television rights overseas.
Ayre says: "The large majority are subscribing because they want to watch Liverpool, Manchester United, Chelsea or Arsenal
"So is it right that the international rights are shared equally between all the clubs?
"Will the Premier League bubble be burst because we are sticking to this equal-sharing model? It's a real debate that has to happen."
October 13, 2011
In a revealing interview, John W. Henry admits he new 'virtually nothing' about Liverpool prior to buying them almost a year before.