Liverpool chief executive admits Reds were nearly bankrupt before FSG takeover ...Middle East

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Liverpool chief executive admits Reds were nearly bankrupt before FSG takeover
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. The Reds have been restored to their former glory in the 13 years since, winning six major trophies under Jurgen Klopp in the last eight seasons. FSG have brought in a careful financial model built on the ‘moneyball’ philosophy seen in Major League Baseball and the subject of the film of the same name. Since flirting with going out of business, Liverpool’s on-field success has included a Premier League and Champions League title api

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