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American tycoons Tom Hicks and George Gillett come to an agreement to take over Liverpool FC in a deal worth £174m.
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American pair Hicks and Gillett announce serious funds will be available in the summer for Rafael Benitez.
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Hicks and Gillett make substantial money available and buy Spanish striker Fernando Torres for a club record £20m
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Friction begins to appear between Liverpool manager Rafael Benitez and the American owners Tom Hicks and George Gillett over the transfer funds available.
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Liverpool supporters, who formed the Spirt of Shankly, protest against the American owners before, during and after the 2-2 draw with Aston Villa. Urging them to sell up.
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Reports emerge that Liverpool's two American owners are barely even on speaking terms.
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George Gillett criticises Rafael Benitez and states the club are in a better position financially than Manchester United and Chelsea. He also goes on deny he made promises of a new stadium being built 'withing 60 days of the takeover'.
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Hicks and Gillett appoint, financial expert and Liverpool supporter, Christian Purslow as managing director. He is given a brief to find £100m of fresh investment.
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Tension between the fans and the owners increase, as they sell star player Xabi Alonso to Real Madrid in a deal worth £30m.
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The relationship between the Liverpool fans and owners hits a new low as Tom Hicks Jnr. a senior board member, sends an abusive email to a Liverpool fan. Which ultimately leads to his resignation and the appointment of Ian Ayre.
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Liverpools American owners appoint Brittish Airways chairman, Martin Broughton. Broughton is brought in to over look the sale of the club. The owners also release a statement stating they believe they have taken Liverpool as far as they can.
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Reports circulate that DIC (Dubai International Corporation) are ready to bid £500m for the club. On the same day, Chinese investor Kenny Huang states he has the funds to sign any player Liverpool want.
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In a bid to regain control, co-owner Tom Hicks attempts to finance the £237m debt to the Royal Bank of Scotland. If unable to find the fresh credit, the Texan could be forced to relinquish his investment.
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Owner of the Boston Red Sox, John W. Henry, saves the club from there four year ownership horror by buying the club for £300m, thus ending the ownership saga.
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Tom Hicks, the former co-owner of Liverpool FC, attempts to sue the club and its new owners for $1bn (£620m) of damages. The high court blocks his attempts to sue the club and he eventually fails in his efforts.
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With NESV proposed to have bid for Liverpool, the club face having to pay a £60m penalty if no new owners are found.
