Liverpool have reached an out of court settlement regarding disputes over the sale of the club in October 2010.
Former owners Thomas Hicks and George Gillett were upset about the sale of the club by then directors Sir Martin Broughton and Christian Purslow, along with current director Ian Ayre to Fenway Sports (then New England Sports Ventures).
As a result, a number of allegations were made by the former owners against the three directors which resulted in legal proceedings as the allegations were denied.
Now though, Liverpool have released a statement stating a settlement has been reached and the claims have been withdrawn.
The statement reads: “The parties have now agreed a settlement (the terms of which are confidential).
“All claims and allegations made against Messrs Broughton, Purslow and Ayre have been withdrawn by Messrs Hicks and Gillett and all legal proceedings between the parties concluded.”