Kenny Dalglish was Liverpool's player-manager again, with Ronnie Moran assisting him. Jason McAteer who organised the game captained the side after receiving permission to play from 15 minutes by Tranmere manager Brian Little.
McAteer scored twice for the Reds before leaving the field with Phoenix Nights star Patrick McGuiness scoring an own goal after good work from Robbie Fowler.
Liverpool fan Harvey from So Solid Crew fulfilled a dream by scoring in front of the Kop, beating Bruce Grobbelaar to make it 3-1. Ian Rush made it 4-1 just before half time.
In the second half Harry Redknapp's celebrity side pulled a goal back with co-organiser Steve Fletcher scoring past Sander Westerveld. It was soon 5-2 however, when David Johnson scored a header from Jan Molby's pinpoint cross.
Kenny Dalglish then brought himself on as sub, which saw the biggest cheer of the day. King Kenny immediately linked up superbly with Ian Rush who brought out a good save from reserve keeper Paul Harrison. Robbie Fowler put the rebound against the post.
John Aldridge added a sixth before the end after another cracking ball from King Kenny.
Liverpool legends: Bruce Grobbelaar, Phil Neal, Alan Kennedy, Jason McAteer, Phil Thompson, Alan Hansen, Kenny Dalglish, John Aldridge, Ian Rush, Robbie Fowler, John Barnes, Ronnie Whelan, Jan Molby, Sander Westerveld, David Johnson, Gary Ablett, Gary Gillespie, Paul Walsh and Radio City competition winner Alan Farley, David Fairclough, Steve McManaman.
Celebrities managed by Harry Redknapp: Eric Nixon, Paul Harrison (LFC), Patrick McGuinness (Paddy from Max and Paddy and Phoenix Nights), Ralf Little (The Royle Family and LFC fan), Michael Vaughan (England cricket captain), Nicky Byrne (Westlife), Brian McFadden (solo artist), John Regis (former Olympic sprinter), Amir Khan (Olympic boxer), Harvey (So Solid Crew and LFC fan), DJ Spoony (DJ and LFC fan), Tim Lovejoy (Soccer AM), NiallQuinn (Ex-footballer), Paul Salt (Radio City newsdesk and LFC fan), James Redmond (Casualty), Shane Ritchie (Alfiein East Enders), Marcus Patrick (Hollyoaks), Perry Fenwick (Billy from East Enders), Sergio Pizzorno (from rock band Kasabian), Steve Fletcher (Ex Brookside and LFC fan), Ian Broudie (Lightning Seeds front man and LFC fan), Danny Jones (from pop band McFly).