Besnit

American tycoons George Gillett and Tom Hicks have reached an agreement to take over Liverpool.
The club have called a news conference at 1400 GMT today to announce the details of the buy-out.

Liverpool chairman David Moores, who will become an honorary life president, said: "This is a great step forward for its shareholders and its fans."

Hicks and Gillett, who beat off competition from Dubai International Capital, own NHL ice hockey teams.