George Gillett and Tom Hicks have secured unconditional control of Liverpool after meeting the acceptance condition.
The American pair agreed a takeover of the club last month in a deal reported to be worth £470million.
Liverpool's board recommended for the club's shareholders to accept the deal and a statement to the Stock Exchange on Friday morning confirmed that Gillett and Hicks had assumed control at Anfield.
The statement said they had 'received valid acceptances in respect of 28,089 Liverpool shares, representing approximately 80.7 per cent of Liverpool's issued share capital to which the offer relates'.
Shareholders had been given until Monday to respond to the offer of £5,000 per share from Gillett and Hicks' Kop Football bid vehicle and a positive response has seen the pair comfortably reach the 75 per cent required.
Kop Football Ltd are also extending their offer to remaining shareholders until 3pm on 26th March.
£215million is expected to be ploughed into a new 60,000-seater stadium at Stanley Park.
Gillett and Hicks are set to hold meetings about the project this week and work on the stadium is set to get underway imminently.
Source: www.skysports.com
The American pair agreed a takeover of the club last month in a deal reported to be worth £470million.
Liverpool's board recommended for the club's shareholders to accept the deal and a statement to the Stock Exchange on Friday morning confirmed that Gillett and Hicks had assumed control at Anfield.
The statement said they had 'received valid acceptances in respect of 28,089 Liverpool shares, representing approximately 80.7 per cent of Liverpool's issued share capital to which the offer relates'.
Shareholders had been given until Monday to respond to the offer of £5,000 per share from Gillett and Hicks' Kop Football bid vehicle and a positive response has seen the pair comfortably reach the 75 per cent required.
Kop Football Ltd are also extending their offer to remaining shareholders until 3pm on 26th March.
£215million is expected to be ploughed into a new 60,000-seater stadium at Stanley Park.
Gillett and Hicks are set to hold meetings about the project this week and work on the stadium is set to get underway imminently.
Source: www.skysports.com
