American businessmen Tom Hicks and George Gillett have withdrawn allegations against Liverpool directors when the pair lost control of the club in October 2010.
A statement on Liverpool’s website on Friday morning said: “In October 2010, Liverpool Football Club and Athletic Grounds Limited was sold to the Fenway Sports Group. As a consequence of that sale, Tom (Thomas) Hicks and George Gillett made a number of allegations and claims against Sir Martin Broughton, Christian Purslow and Ian Ayre.
“Those allegations and claims were denied by messers Broughton, Purslow and Ayre…and resulted in legal proceedings being commenced.
“The parties have now agreed a settlement. All claims and allegations made have been withdrawn by Hicks and Gillett and all legal proceedings between the parties concluded.”
The details of the settlement will remain confidential. Hicks and Gillett took over at Liverpool in February 2007 from David Moores, and announced plans for the building of a new stadium.
However, the pair endured a frosty relationship with the fans and the board, leading to Rafael Benitez’s departure in the summer of 2010, and the sale of the club – after they owed the Royal Bank of Scotland £235m.
The club was bought for around £300m after a lengthy battle in the High Court by Fenway Sports Group, led by Thomas Werner and John W. Henry.
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