London: Eighteen-time Premier League Champions, Liverpool has agreed a proposed deal to sell the football Club to the owners of Boston Red Sox, according to the club's official website.
According to the British media, a deal was agreed to sell Liverpool to New England Sports Ventures, the owner of the Boston Red Sox.
The deal would effectively eradicate Liverpool's long-term debt - which is about £250m - but there will not be much money left on the table.
"The current owners (Tom Hicks and George Gillett Jr) do not want this deal to happen because they will not receive any or, if any, only a small amount of the proceeds."
Liverpool - languishing in the relegation zone under new boss Roy Hodgson - has an October 15 deadline to repay debts to the Royal Bank of Scotland resulting from the 2007 takeover by Hicks and Gillett.
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