The Premier League has rejected an approach from Mill Financial to take the fit and proper persons test which has led to Tom Hicks holding his hands up in defeat.
That left the road paved for New England Sports Ventures to complete the takeover of Liverpool Football Club after the Texas court injunction was removed this morning.
John W Henry confirmed the takeover on Friday afternoon after spending the day with his and Liverpool’s lawyers ironing out the small print of the sale.
Asked about the completion of the sale, Henry said: “There is a lot of work to be done but you have no idea how happy I am.”
And when asked about the lawsuit from George Gillett and Hicks, he said: “Why is it only that much?”
A day of drama involving legal debate on the other side of the Atlantic has come to a conclusion that will be a relief to the red half of Merseyside.
There are a number of positives that Liverpool fans can take from the deal but the main one will be that they avoid going into administration and a nine-point penalty.
After there disastrous start to the campaign, the points penalty would’ve left Liverpool on -3 points, but news of a completed sale will lift the whole atmosphere surrounding the club and Liverpool can go into the derby with Everton on a high.
Liverpool are 2/1 to beat Everton and a win would lift them out of the relegation zone as they look to establish themselves back amongst the clubs at the top of the Premier League.
Liverpool are 5/1 to finish in the top four but with Arsenal and Manchester City both 1/4 to achieve the same feat, the odds are against Liverpool breaking back into the top four.
But a win over Everton would convince everyone associated with the club that the only way is up after the takeover.
Liverpool are 20/1 to finish third in the Premier League. See the full Barclays Premier League football betting odds market here.