Liverpool owners won't hike tickets

Liverpool's American owners apologized to fans and reversed planned increases in ticket prices on Wednesday, insisting they are not "greedy".

The move came after more than 10,000 Liverpool fans staged a walkout at Anfield during Saturday's match against Sunderland. Their campaign reached the House of Commons on Wednesday when British Prime David Cameron intervened, calling the rapidly escalating cost of watching Premier League games a "problem".

Within hours, Liverpool's owners backed down and accepted the supporters' concerns in an open letter to fans.