Liverpool flirted with
financial meltdown last season, it has been revealed.
A 10-point league deduction, ending any hope of a title
challenge. The sale of major assets such as Fernando Torres, Steven
Gerrard and Javier Mascherano.
Welcome to the opening pages of Liverpool's 'Doomsday Book'.
A document actually nicknamed The Doomsday Book was prepared as
Tom Hicks and George Gillett flirted with catastrophe last
season.
It spelled out the consequences if the owners' failed to secure
their £290million refinance deal, says the News of the
World.
Unless the Americans sort out their differences and find investment
before their next deadline, the threats will resurface.
That explains why the club has been working overtime to present
a healthier financial picture over the last few months, citing the
£80m shirt sponsorship deal with Standard Chartered as a major step
forward.
It also explains the increased urgency to find investors.