Things go from bad to worse for Liverpool
Liverpool are more than likely to risk losing up to nine points, if the team manages to go into administration as a result of a failure on the owners part to pay up the debts that the team has incurred, over the years.
It was initially assumed and strongly believed that the Premier League would not go on to penalise the Anfield club, however with the holdings becoming insolvent, the team is now in the danger zone to potentially facing a major
point deduction.
The team has the option to be sold to new owners, however the current American owners of the club, Tom Hicks and George Gillett are being very hesitant and reluctant on letting the deal go through. If they continue to do so and
block a potential sale of the club, then The Royal Bank of Scotland could potentially put the Reds into administration. The team has to pay two hundred and eighty million pounds, till October 15th, to the bank, but if they fail to do so, then it
is safe to say that there is no good news in the near future for the team. Under the Premier League's rules, Liverpool can lose a maximum of nine points as a direct result of this act.
Liverpool's season has already suffered some major setbacks and if the team manages to go ahead and lose nine points, it is safe to say that Liverpool, will be fighting just to stay in the Premier League by the end of the season.
That being said it is also more than likely that the assets at the club will be sold, to make up for the giant debt that the team has to pay. One might think what does Liverpool own, that they could sell to make up for their debt and the assets that the club
possesses are none other than the stadium in which they play and the players at the club. It is being speculated that if Liverpool do go into administration, then number of major players are going to be sold at the club in the January transfer window.
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