Christian Purslow has confirmed that he is standing down from his role as Liverpool's managing director.
The 46-year-old replaced Rick Parry in overseeing the day-to-day business at Anfield last summer but has tendered his resignation following the successful takeover by New England Sports Ventures (NESV) last week.
However Purslow, who was appointed by previous owners George Gillett and Tom Hicks, will remain at the club as a non-executive director and general advisor to NESV.
He said: "I came to Liverpool to lead the club through a sale process to get the best overall deal including, vitally, the removal of the debt.
"I am immensely proud of what we have all achieved. I look forward to assisting the owners in any way I can."
Former Liverpool manager Rafael Benitez criticised the former MidOcean Partners director yesterday and accused him of causing the club's current downfall.
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