• Premier League

Liverpool takeover timeline

December, 2006 - Liverpool confirm they have ''entered into a period of exclusive negotiations with Dubai International Capital (DIC) about a possible investment''.

January, 2007 - American businessman George Gillett makes an approach ''which may or may not'' lead to a takeover offer. Liverpool board meet to discuss Gillett's proposal after deciding not to formally accept DIC's £400 million bid.

February, 2007 - Texan Tom Hicks emerges as joint bidder with Gillett and the pair offer £435 million for the ownership of Liverpool - this includes £215 million for the building of a proposed new stadium in Stanley Park - and the offer is accepted. The club is valued at £218.9 million, with debts of £44.8 million.

March, 2007 - Gillett and Hicks' Kop Football announces to the Stock Exchange they have secured unconditional control of the club, promising work on the new Stanley Park stadium will begin immediately.

January, 2008 - Hicks admits they had made an approach to former Germany manager Jurgen Klinsmann, with a view to replacing Rafael Benitez, after reports of a bust-up. It is also revealed that Gillett and Hicks are barely on speaking terms.

March, 2009 - Chief executive Rick Parry announces he will be leaving the club at the end of the season.

June, 2009 - Financial expert Christian Purslow is appointed managing director and tasked with finding £100 million of fresh investment to help satisfy Liverpool's creditors with debts reported to be £237 million.

January, 2010 - Tom Hicks Jnr resigns from the board after a foul-mouthed email rant at a fan. Commercial director Ian Ayre and financial director Phillip Nash are added to the board, although Nash is not given a vote at group level.

March, 2010 - New York-based private equity firm the Rhone Group make £110 million bid for a 40% stake in Liverpool but Hicks and Gillett fail to respond within the deadline.

April, 2010 - Hicks and Gillett put the club up for sale, and announce the appointment of Martin Broughton, who will oversee the formal sale of the club. A requirement of major creditors Royal Bank of Scotland is a change on the new board, with Broughton, Purslow and Ayre having a majority vote to prevent the Americans blocking a sale.

May, 2010 - Financial results for the year ending July 2009 show the club made a record pre-tax loss of £54.9 million, with interest repayments on loans undertaken by Hicks and Gillett accounting for £40.1 million of that.

June, 2010 - Benitez is dismissed by the club as they finish in seventh place. Fulham boss Roy Hodgson is appointed at the end of the month.

August, 2010 - Chinese investor Kenny Huang announces his interest in acquiring the club, with the backing of the Chinese government's investment arm but withdraws without making an offer.

October 5, 2010 - Liverpool announce they have received two ''excellent'' bids, but Hicks and Gillett attempt to oust Purslow and Ayre to prevent a sale.

October 6, 2010 - Liverpool confirm they have accepted a bid, believed to be £300 million, from John W. Henry's New England Sports Ventures (NESV), who also own the Boston Red Sox baseball team. Singaporean businessman Peter Lim also puts in a bid believed to be £320 million.

October 13, 2010 - The club are taken to the High Court by Hicks and Gillett, but the judge rules in favour of Liverpool and refuses the Americans a right to appeal against the decision. It is revealed NESV have signed a ''legally binding'' agreement to buy the club.

John W Henry holds a meeting with the board to try to complete the sale, but a Texan court grants Hicks a restraining order intended to block the sale of the club.

October 14, 2010 - Liverpool chairman Martin Broughton remains confident a deal with NESV will be completed and the Liverpool board return to the High Court to seek to block the Texas injunction.

Peter Lim withdraws his offer to buy the club, claiming the Liverpool board did not respond to his offer.

Liverpool and RBS head back to the High Court and Mr Justice Floyd rules that Hicks and Gillett's injunction is invalid. The sale to NESV is once again given the green light.

Broughton says he is hopeful that New England Sports Ventures' takeover of the club will be completed on Friday.

October 15, 2010 - Tom Hicks and George Gillett head to a Texan court in further bid to halt the sale of Liverpool, but drop the restraining order after completing a deal with Mill Financial in order to pay off the £280 million debt.

John W Henry states he is confident his New England Sports Ventures group will see off the current co-owners' "last desperate attempt" to retain the club.

Hicks and Gillett admit defeat in their bid to hold on to Liverpool as the Royal Bank of Scotland rejects the owners' pledge to pay off its debts. The American plan to pursue a damages claim of $1.6 billion for what they described as an "epic swindle" - and the path is now clear for New England Sports Ventures to take control of the club.

NESV finally completes takeover of Liverpool Football Club.

Previous owners Hicks and Gillett withdraw their claim for damages, though the pair do not rule out continuing their legal action in England.

In an astonishing interview, Hicks blasts Broughton and says he is "shocked" and "angry" that the club has been sold.

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