‘That’s almost unheard of’ – Insider reveals how close Liverpool were to administration 

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After an extremely rocky period under previous owners, George Gillett and Tom Hicks, Liverpool’s success could be said to be the envy of clubs across Europe.

Reigning European champions, shortly to be crowned Premier League champions for the first time ever and with a squad to die for, things have gone from strength to strength under John Henry’s Fenway Sports Group and Jurgen Klopp.

However, former chairman Sir Martin Broughton, has revealed just how close the Reds were to administration, as well as suggesting that FSG will have an exit strategy in mind given the profits they could make should they sell the club.

The Sun recall the £237m debt that the Royal Bank of Scotland were owed by the club, and what might’ve happened had the £300m takeover not taken place when it did.

“It was very close – it was very close in the sense that the loans were being renewed on a weekly basis,” Broughton was quoted as saying.

Although the news that FSG could well be looking for a way out may alarm Liverpool supporters, the club is in infinitely better shape now than it was in 2010.

Anyone looking to take over the club, should John Henry sell up, will own one of the most successful clubs in the country in recent times, and one for whom success looks set to continue.

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