US tycoons George Gillett and Tom Hicks can begin to execute their plans for Liverpool Football Club after their takeover was rubber-stamped by the London Stock Exchange.

Gillett and Hicks' Kop Football Limited bid vehicle has reached an agreement to buy 98.6 per cent of the five-times European champions' shares.

Under Stock Exchange rules the remaining shares can now be compulsorily purchased and the Americans' offer is "closed".

Now that their £470 million takeover has been completed, Liverpool's new owners have confirmed that they will seek to re-register the club as a private limited company.

They gained unconditional control of the men from Anfield by passing the 80 per cent threshold of share agreements earlier this month.

With the takeover concluded, Gillett and Hicks will be looking to press ahead with plans for the club's new 60,000-capacity stadium on Stanley Park.

They will also be holding talks with manager Rafael Benitez following this weekend's Premiership clash with Arsenal regarding their vision for the future.

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