Liverpool co-owners Tom Hicks and George Gillett have been labelled "asset strippers" by Walton's new Labour MP Steve Rotheram.
Mr Rotheram used his maiden speech in the House of Commons to attack the two Americans, claiming that their actions were endangering the very existence of the Anfield outfit.
The MP described himself as "a dyed in the wool Liverpool fan" who was a season ticket holder at Anfield.
But he insisted that the issue went beyond partisan sporting associations.
"I would honestly say the same things if it was Everton FC that had been the victim of a leverage buyout that endangered its future survival and which has caused so many problems for my constituents living in close proximity to the football stadium," Mr Rotherman told Parliament.
“England’s most successful football club is slowly being drained by the greed of two American asset strippers and this is having a negative impact on regeneration projects for the whole area.
“Unfortunately the beautiful game does not always attract those with beautiful intentions."
In an Early Day Motion Mr Rotheram has also accused the two Americans of failure “to exercise responsible stewardship of the club”, and regrets their "failure to fulfil promises of a new stadium”.
The motion also asked the House to back supporters' groups in securing an early change of ownership.
“I am a Reds fan but this was started by Peter Kilfoyle who is a Blue," Mr Rotheram, who was backed by fellow Merseyside MPs Alison McGovern, Maria Eagle, Dave Watts, Derek Twigg, and Bill Esterson, added.
“This is not about Liverpool FC, or even the stadium. Both the clubs are in my Walton constituency and this is about the negative impact this impasse is having on certain areas of Liverpool."