New England Sports Ventures (NESV) said they will remove all "acquisition debt" from Liverpool - some £200million - if their takeover is successful.

The owners of the Boston Red Sox also confirmed their £300million bid had been accepted by Liverpool's board.

Whether it is successful depends on the High Court's ruling on a legal challenge by current owners Tom Hicks and George Gillett, who are facing a £144million loss and are claiming the board do not have the power to accept the offer against their wishes.

A statement from NESV said: "NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the club has the resources to build for the future, including the removal of all acquisition debt.

"Our objective is to stabilise the club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies."

NESV are principally owned by John W Henry and have been credited with restoring the fortunes of the Boston Red Sox.

Their portfolio includes a successful TV channel, New England Sports Network.

The statement added: "NESV wants to help bring back the culture of winning to Liverpool FC.

"We have a proven track record, shown clearly with the Boston Red Sox. The team has won two World Series Championships over the past six years. We will bring the same kind of openness, passion, dedication and professionalism to Liverpool FC."

The Premier League have given a huge boost to the takeover by saying they would be ready to give the deal the go-ahead as early as Friday.

Hicks and Gillett are claiming the figure of £300million undervalues the club, although they only bought it for £219million in 2007 when Liverpool were strongly positioned in the Premier League and Champions League.

NESV are also committed to tackling the thorny problem of a new stadium, and recognise that Anfield cannot be kept on in its current state.

When they took over the Red Sox nine years ago they decided against building a new stadium and instead regenerated the historic Fenway Park, a decision that has since paid off in revenue terms.

They will need to be convinced that they could not do the same with Anfield before committing themselves to any completely new stadium.

The takeover deal has been steered through by Liverpool's independent chairman Martin Broughton, installed by the Royal Bank of Scotland as part of their refinancing agreement with Hicks and Gillett in April.

"This is a great day for Liverpool Football Club and the supporters," Broughton said.

"I can understand why there might be an instant reaction about them being American. But being American is not a problem, leveraged ownership of a football club is the problem.

"I just hope we can deliver what we have set out to do. We have found the right owners. There will be money to invest in the squad.

"If you look at the Boston Red Sox, they have taken a major traditional team, previously successful but not at their peak, and resuscitated it to be a winner.

"They have been the most successful team since acquiring the Red Sox in 2001 - there are parallels with Liverpool."

Broughton said NESV would seriously look at building a new stadium or possibly redeveloping Anfield.

He added: "There is definitely a commitment to invest in a stadium and we will finish up with a 60,000-plus seater stadium.

"Where they haven't finalised their view is whether that should be the new stadium or whether there are still opportunities to build at Anfield itself."

Broughton did his best to reassure fans who are wary that more American owners could lead Liverpool down the same path Hicks and Gillett did.

"This is a very profitable organisation, it has a substantial number of wealthy investors - about 17 I think - and it has very little debt in the organisation," he said.

"I understand the concerns but they are not [replacing one massive debt] with another one."

The deal will see Liverpool freed of £200million of debt with £37million of "external debt" - a typical working overdraft facility - remaining.

It would also mean Hicks and Gillett would lose £144.4million as the money the Americans themselves put in a holding company would not be covered by repayments to creditors.

That is the reason the duo have objected to the sale, as they have always sought a much higher purchase price to allow them to make a profit or at least break even.

Broughton felt by contesting the decision - they were outvoted three to two on the board - the Americans had lost their final opportunity to leave Anfield with some dignity.

"It is a great pity they are not going to take the opportunity to be the good guys and pass over Liverpool to the right owners," he added.

"That is what they promised to do, what they said all along they wanted to do, and at the last minute when it does not pay them what they see as enough they have chosen to fight it.

"One last throw of the dice just to go down in leaving an ever-more negative legacy, I am disappointed because they won't achieve it and they will lose the same amount of money and leave a very bad taste."

One of the bids received is reported to be from Boston Red Sox owner John Henry'sNew England Sports Ventures, while the suggestion is the other comes from Asia, most likely China.

"The board of directors have received two excellent financial offers to buy the club that would repay all its long-term debt," said the statement.

"A board meeting was called today to review these bids and approve a sale.

"Shortly prior to the meeting, the owners - Tom Hicks and George Gillett - sought to remove managing director Christian Purslow and commercial director Ian Ayre from the board, seeking to replace them with Mack Hicks and Lori Kay McCutcheon.

"This matter is now subject to legal review and a further announcement will be made in due course.

"Meanwhile Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the Club at the earliest opportunity."

There has been a division on the board from the moment Hicks and Gillett announced in April they wanted to end their torturous three-year tenure at Anfield but that split has now turned into a chasm.

Broughton was appointed as independent chairman as part of the sale process, ensuring the Americans no longer had a majority vote and could not prevent a sale that was in the best interests of the club.

Central to the whole saga has been next week's looming deadline for the repayment or refinancing of £282million of loans - owed principally to the Royal Bank of Scotland.

Hicks has been trying to hold on to power by attempting to raise capital to pay off or reduce the debt but has so far unsuccessful.

He still believes there is a profit to be made from the sale of Liverpool but, with the prospect of RBS having to call in their debt and possibly take control at Anfield, the price the club is actually worth has been falling by the week.

The Americans know if the bank steps in then they will receive nothing, hence the move to restructure the board to buy them more time.

But with the trio based in England determined to push through the sale and the overtly-positive terminology used to described the two bids - the first time the club have officially confirmed formal interest - it appears this is the beginning of the end for Hicks and Gillett.

The only stumbling block which may delay the process is the legal review and uncertainty over the status of the current Liverpool board.

Hicks and Gillett released their own statement in response to the club's.

"In April, we confirmed our agreement to sell Liverpool Football Club, and appointed a new chairman and advisers to oversee the process," it said.

"At that time we and Martin Broughton stated our commitment to finding the right buyer for LFC, one that could support and sustain the club in the future. We remain committed to that goal.

"The owners have invested more than 270 million US dollars in cash into the club, and during their tenure revenues have nearly doubled, investment in players has increased and the club is one of the most profitable in the EPL.

"As such, the board has been presented with offers that we believe dramatically undervalue the club.

"To be clear, there is no change in our commitment to finding a buyer for Liverpool Football Club at a fair price that reflects the very significant investment we've made.

"We will, however, resist any attempt to sell the club without due process or agreement by the owners."