American businessmen Tom Hicks and George Gillett have withdrawn allegations against Liverpool directors when the pair lost control of the club in October 2010.
The Guardian reports that the former owners of the Anfield club have settled the matter after making allegations against current director Ian Ayre, Sir Martin Broughton and Christian Purslow, who have both since left the club, when the sale was forced through the High Court.
A statement on Liverpool's website on Friday morning read:
"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 All claims and allegations made have been withdrawn by Hicks and Gillett and all legal proceedings between the parties concluded."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 (both pictured) 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 board and the fans, leading to Rafa 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.
By Simon Wright - Follow me on Twitter @Siwri88
The Guardian reports that the former owners of the Anfield club have settled the matter after making allegations against current director Ian Ayre, Sir Martin Broughton and Christian Purslow, who have both since left the club, when the sale was forced through the High Court.
A statement on Liverpool's website on Friday morning read:
"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."
However, the pair endured a frosty relationship with the board and the fans, leading to Rafa 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.
By Simon Wright - Follow me on Twitter @Siwri88
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