Liverpool, who only have 6 points thus far in the Premier League, could enter administration if their sale to New England Sports Ventures is not completed by October 15.
Liverpool’s parent company, Kop Holdings, owes £280m, and if the club enters administration, it could face a nine-point penalty—which those of you who are good with numbers will notice takes the team to -3 points. Portsmouth faced a similar situation last season, ended up in last place, and were relegated to the Championship. They now sit just above the relegation zone in that league.
In other words, Liverpool needs to get its act together. If Hicks and Gillett manage to block this takeover, they’re going to have an even bigger mess on their hands.
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