American tycoons George Gillett and Tom Hicks have had their takeover of Liverpool rubber-stamped by the Stock Exchange.

An announcement released on behalf of Kop Football Limited confirmed the pair have reached an agreement to buy 98.6% of the club's shares.

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

The announcement also confirmed the duo will seek to re-register the club as a private limited company.

The pair wanted to wait until officially completing their takeover before discussing plans for the future and will now meet with Rafa on Sunday.