New England Sports Ventures (NESV) have confirmed that their bid for Liverpool FC has been selected by the club's board of directors and agreement has been reached with the board to purchase the club.
In a statement it said: "NESV wishes to extend their appreciation to the board for their diligence and their efforts on behalf of Liverpool FC and its supporters.
"NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the club has the resources to build for the future, including the removal of all acquisition debt.
"Our objective is to stabilise the club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies.
"Since 2001, New England Sports Ventures has made successful investments in sports and entertainment properties. Our portfolio of companies...are all committed to one common goal: winning. NESV wants to help bring back the culture of winning to Liverpool FC.
"We have a proven track record, shown clearly with the Boston Red Sox. The team has won two World Series championships over the past six years. We will bring the same kind of openness, passion, dedication and professionalism to Liverpool FC."