In February 2007 two American billionaires became owners of Liverpool FC.
After the buy-out, the two investors seemed confident about the future, but the two presidents quickly disappointed, Liverpool unable to pick up the slightest title since they took control of the club. The last title dates back to 2005 and the victory in the Champions League. Hopes rose in 2007 when the Reds made it to the final against AC Milan, again in the Champions League. But Milan did not make the same mistakes as they did in Istanbul in 2005, winning their revenge with a 2-1 victory.
Liverpool are still looking to recapture their former glory which has not made the relationship between the co-presidents easy and they have often been in conflict over the last few months, relationship problems which have also surfaced between themselves and Rafael Benitez. To make matters worse, they are looking for new investors.