Roy Hodgson hopes to be given the chance to strengthen his Liverpool squad with new signings after New England Sports Ventures (NESV) completed their takeover of the Anfield outfit on Friday.
NESV's £300million purchase leaves Liverpool in a much healthier financial position, erasing the debt amassed by previous owners Tom Hicks and George Gillett when they bought the Reds in March 2007.
Hodgson is hoping NESV chief John W. Henry will allow him to compete for top-class players after he was only able to make last-minute signings before the transfer window closed in August.
"It will mean in future we can invest in players in a different way to what has happened in the last transfer window," Hodgson said on Friday.
"Then money was in short supply and we weren't even certain there would be any money to spend or even if the club would be there.
"The mere fact the debts are wiped off immediately puts us into a different financial position to the one we have been in," said the Liverpool manager.
The lack of finance in the summer meant Hodgson was severely hamstrung in the transfer window as he looked to strengthen the squad left him by predecessor Rafael Benitez. Hodgson had to wait until the £20million pound sale of Javier Mascherano to Barcelona just before the transfer deadline before being able to spend £10.75million on signing Paul Konchesky and Raul Meireles.
Hodgson feels his inability to improve the squad significantly has impacted on Liverpool's poor start to the season. The Reds are in the relegation zone after winning just one of their first seven matches of the 2010/11 Premier League.
"I knew it would be difficult and one always hopes the start is going to make life easier but that hasn't happened," Hodgson said.
"I have always known there is a major job to do here and I know that job will become easier with new owners and much less financial problems than we've had in the past.
"We are in a rebuilding phase and I think the new owners will definitely help in that.
"I am hoping the new owners coming in will stabilise the situation and give us a chance to concentrate on the football."
"You live through the good and bad periods but there is no doubt a cloud has been lifted from Liverpool today," said the Liverpool manager.