Liverpool FC accepts offer from Boston Red Sox

Liverpool Football Club has been sold to the owners of us baseball team the Boston Red Sox.

New England Sports Ventures has been given the go-ahead by Liverpool chairman Martin Broughton and RBS - the club's main bank.

Broughton said: "By removing the burden of acquisition debt, this offer allows us to focus on investment in the team. I am only disappointed that the owners have tried everything to prevent the deal from happening and that we need to go through legal proceedings in order to complete the sale."