Liverpool chief executive admits Reds were nearly bankrupt before FSG takeover

Liverpool chief executive reveals how close the Reds were to administration & bankruptcy, and how FSG have turned club around.

Liverpool chief executive Billy Hogan has revealed the club had been so badly managed under former owners Tom Hick and George Gillett that administration and potential bankruptcy was only weeks away when Fenway Sports Group (FSG) completed their 2010 takeover.
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