Liverpool owners have pulled the plug on proposed ticket increases that were set to take effect next season, according to Fox Sports.

Last week, the club announced a spike in ticket prices that would have seen the highest price single game tickets go from £59 to £77. Liverpool supporters were in uproar and 10,000 supporters left last Saturday's draw against Sunderland in the 77th minute in protest of the increases, according to the Score.

The club's ownership Fenway Sports Group, the same owners of the Boston Red Sox, issued a letter to Liverpool fans apologizing for the increase in ticket prices, on Wednesday.

"It has been a tumultuous week. On behalf of everyone at Fenway Sports Group and Liverpool Football Club we would like to apologize for the distress caused by our ticket pricing plan for the 2016/17 season," the jointly signed letter from primary owner John W. Henry and chairman Tom Werner stated. "The three of us have been particularly troubled by the perception that we don't care about our supporters, that we are greedy, and that we are attempting to extract personal profits at the club's expense. Quite the opposite is true."

The letter outlines how ticket prices and availability will remain at current levels for the next two seasons until 2017/18.

Liverpool supporter groups The Spirit of Shankly and Spion Kop 1906 initiated Saturday's walk out to show ownership their displeasure with pricing. The Spirit of Shankly issued a follow up statement of its own.

"If I am really honest I am not sure we can put it into words - we did not expect this. It is unprecedented that they have apologised, remarkable. It is the right approach from the club that they apologised for the mistake. Supporters have reminded themselves that they are important to this game and reminded the authorities just how important they are." SoS spokesman Jay Mckenna said, according to the Liverpool Echo.

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