Liverpool manager Roy Hodgson welcomed the club's potential new American takeover as a positive move on Thursday and pleaded for patience from the fans as he tries to turn around problems on the pitch.
Liverpool said on Wednesday they had accepted a £300 million ($477.6 million) offer from New England Sports Ventures (NESV), who also own the Boston Red Sox baseball team, although the deal is still subject to a legal challenge as well as approval from the Premier League.
"It's very positive and of course I'm delighted," Hodgson told www.liverpoolfc.tv.
"It's been going on a long time and I know how hard the board have worked to set things up.
"I know it's not easy for them because the owners have other ideas in terms of the sale of the club and what is achievable. But I was delighted to hear the news and have it confirmed that it looks like it is going to go through."
While the board wrestles with the financial issues, Hodgson, who replaced Rafa Benitez this season, has to address the club''s worst start for decades.
They are currently third-last in the standings with just six points from seven games having lost at home to Blackpool last weekend. They were also knocked out of the League cup by League Two Northampton and have made a limp start to their Europa League campaign.
"Unfortunately when you lose matches, especially games like Sunday that people don't expect you to lose, it colours everything," Hodgson said.
"It comes on the back of a (League) Cup defeat, albeit with a second team, so that adds to the woe - but in actual fact not much has changed.
"We know what we've got to do, we know we need some new players, we know we need investment, and we know we are weak in certain areas of the team - these things have been the case since I arrived at the club and we haven''t had chance to put things right.
"What I ask of the fans is their patience, their trust and their belief, because we will get it right - there are no doubts about that.
"The club will be in a pretty healthy situation in general terms if the sale goes through."
