Weeks of bitterness appeared to be drawing to a close late on Wednesday after London's High Court ruled that Hicks and Gillett could not block the 300 million pounds sale of the club by sacking members of the board.
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"Following the successful conclusion of High Court proceedings today, the Boards of Directors of Kop Football and Kop Holdings met tonight and resolved to complete the sale of Liverpool FC to New England Sports Ventures," Liverpool's website said.
"Regrettably, Thomas Hicks and George Gillett have tonight obtained a Temporary Restraining Order from a Texas District Court against the independent directors, Royal Bank of Scotland PLC and NESV to prevent the transaction being completed.
"SITUATION IN FLUX"
"The independent directors consider the restraining order to be unwarranted and damaging and will move as swiftly as possible to seek to have it removed."
The court order may have also revived Singapore billionaire Peter Lim's hopes of buying the club after the tycoon made an increased 320-million pound offer.
"The situation is in flux, Peter is monitoring the latest developments. He remains interested in buying Liverpool Football Club," a spokesman for Lim told Reuters on Thursday.
Lim, 57, is the Southeast Asian city-state's eighth richest man with assets of $1.6 billion according to Forbes magazine.
English football's most protracted and bitter takeover could still be completed by the time Liverpool face Everton on Sunday but the soap opera appears to be short of its conclusion, even as an October 15 deadline for the repayment of 200 million pounds of debts looms.
The NESV deal was to have cleared the path for the debts' repayment to major creditor Royal Bank of Scotland.
