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 can look forward to a virtually debt-free future after New England Sports Ventures today completed the £300m (€343m) takeover of the club to conclude a frenetic week.

New England Sports Ventures have completed the £300m (€343m) takeover of Liverpool.

The takeover of Liverpool by Boston Red Sox owner John W Henry has moved significantly closer after it emerged the Premier League have rejected an attempt by a hedge fund to submit to their owners’ and directors’ test.

Liverpool co-owner Tom Hicks remains in control of his share of the club and has not sold out to Mill Financial, Press Association Sport has been told.

A ruling is expected in the High Court this morning which could have far-reaching consequences for the future of Liverpool.

LIVERPOOL’s immediate future is set to be decided by Mr Justice Floyd in Britain’s High Court today after a day of twists and turns both inside and outside the courtroom.

YOU’VE enough woes already, I’m sure you don’t want to hear my trivial grievances, but I’ve been saddened by the change in priorities which only hit me full on Monday.

Liverpool’s immediate future is set to be decided by Mr Justice Floyd in the High Court in Britain tomorrow after a day of twists and turns both inside and outside the courtroom.

Liverpool’s immediate future is set to be decided by Mr Justice Floyd in the High Court tomorrow after a day of twists and turns both inside and outside the courtroom.

Liverpool owners Tom Hicks and George Gillett feel their position has been strengthened by a new bid to buy the club by Singapore businessman Peter Lim but the High Court will decide whether negotiations should be reopened.

Liverpool remain confident of success in their High Court showdown with their American owners despite Tom Hicks denying he ceded control of the club to chairman Martin Broughton.

Liverpool co-owner Tom Hicks is determined to fight to hang on to control of the club after refusing to recognise chairman Martin Broughton’s authority.

Confusion surrounds Kenny Huang and his interest in buying Liverpool after claims about his links to the Chinese government were met with an apparent denial which was then subsequently dismissed.

Prospective new Liverpool owner Kenny Huang has refused to comment on claims his buy-out is backed by the Chinese government.

Former Liverpool chairman David Moores has defended the deal struck with Tom Hicks and George Gillett for the sale of the club three years ago.

AS a huge ominous cloud gathers over Europe join me, fellow Reds, in a cheery rendition of “Welcome to my world”.

Liverpool co-owner Tom Hicks has finally agreed a deal to sell his major league baseball team, the Texas Rangers.

Liverpool’s accountants have warned there could be “significant doubt” over the future of the club’s parent company as it struggles to refinance £350m (€395m) in debt.

LIVERPOOL co-owner Tom Hicks expects to be at Anfield just as long as manager Rafael Benitez.

Rafael Benitez will not let the pending departure of chief executive Rick Parry distract Liverpool from their attempts to win the Champions League and the Barclays Premier League.

Liverpool have confirmed chief executive Rick Parry will leave his position at the end of the season.

I DO my bit for the environment. In order to save paper, I asked the editor if I could redirect readers to a December column and have the week off.

JUST want to concentrate on football”. No honestly, that’s what he said! People have asked on many occasions why my outlook is so gloomy. In reply I give you the extraordinary events of the last month as Exhibits A-Z. I can’t begin to convey how unhappy I was in December, for obvious reasons. It’s equally difficult to measure the fillip from the mauling of Newcastle, but it’s almost as if someone flicked a switch: “Getting too good now, time for a reality check”.

The Middle East investment arm of the Dubai government, DIC, have moved today to disassociate themselves from suggestions that they are still trying to buy Liverpool, or have moved on to Newcastle.

Fresh doubts have been raised over Liverpool co-owner Tom Hicks’ ability to fund the club’s proposed new home in Stanley Park following a shock decision to delay the building of a stadium in Texas.

Rafael Benitez has urged Liverpool’s warring factions to “work together” for the benefit of the club.

SO here’s the story so far. Tom hates George. George hates Tom. Tom really hates Rick, but can’t get rid of him until George approves (which he won’t).

The Examiner’s football correspondent Liam Mackey likes a good argument when he hears it, and he’s got strong views of his own. Today, and every Tuesday, he will be acting as referee on your opinions on the Premiership. Let him know what you think and he’ll argue the toss with you.

Liverpool co-owner George Gillett is so determined to make a statement of intent at Anfield tonight that he has insisted that his Dubai International Capital guests sit in the directors’ box.

WE’VE checked the family tree of every single player and there’s no trace of Swedish ancestry.

Rafael Benitez is to demand “some answers” from the Liverpool board over their pre-Christmas plans to appoint Jurgen Klinsmann as his replacement.

Liverpool’s season of boardroom turmoil took another astonishing turn today when co-owner Tom Hicks asked for the resignation of chief executive Rick Parry.

Liverpool co-owner Tom Hicks will be back in Texas tonight as the Anfield men bid to reach the Champions League semi-finals.

GEORGE GILLETT yesterday revealed his relationship with fellow Liverpool co-owner Tom Hicks “has been unworkable for some time”.

Liverpool co-owner George Gillett has finally broken his silence on his strained relationship with Tom Hicks.

Co-owner Tom Hicks has refuted claims that he blocked an attempt to have a Liverpool fan installed on the Anfield board during negotiations with Dubai International Capital over their potential investment in the club.

Dubai’s ruling family have not given up hope of buying a stake in Liverpool despite the club’s co-owner Tom Hicks breaking off negotiations.

Liverpool’s co-owner Tom Hicks on Monday night threw the future of the club back into turmoil by terminating discussions with the Dubai royal family.

LIVERPOOL co-owner Tom Hicks has not formally rejected Dubai International Capital’s reported offer for the club but remains unwilling to sell his stake, a source close to the American has revealed.

Dubai International Capital today denied a “timeline” has been put on any offer for Liverpool.

STEVEN GERRARD has delivered a scathing assessment of Liverpool’s faltering campaign by declaring even winning the Champions League will not make up for the Reds dismal performance in the Barclays Premier League.

Dubai International Capital are considering making an offer for George Gillett’s half of Liverpool after co-owner Tom Hicks insisted he had no plans to sell his stake in the club.

The future of Liverpool remains dogged by uncertainty despite American co-owner Tom Hicks insisting he is not planning to sell his stake in the club.