LIVERPOOL can look forward to a virtually debt-free future after New England Sports Ventures (NESV) yesterday completed the £300 million (€343.6m) takeover of the club to bring a frenetic week to a conclusion.

Former Liverpool co-owners Tom Hicks and George Gillett have dropped their £1bn (€1.14bn) Texas lawsuit against Royal Bank of Scotland and the club’s directors but could still launch action in England.

Liverpool’s directors today turned their attention to removing an “unwarranted and damaging” restraining order as they attempted to complete the controversial sale of the club.

THE battle for control of Liverpool took a sensational twist late last night after owners Tom Hicks and George Gillett claimed to have won a temporary restraining order from the Texas State District Court preventing the sale of the club.

Liverpool owners Tom Hicks and George Gillett claim they have won a temporary restraining order from the Texas State District Court preventing the sale of the club and are now seeking $1.6bn (€1.2bn)in damages.