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Originally Posted by sherer
isn't this just a bit of a non story as basically it just says they company COULD go into administration. The same could be said for all the clubs in the Prem really
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It is not all bad. From that article.......
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Should the bank opt for the former, it would put Kop Holdings at risk of going into administration, though Liverpool as a club is solvent. Though that would not automatically result in a nine-point penalty, as suffered by Portsmouth last season, Liverpool are the company’s only asset and, as such, the Premier League would be likely to examine the matter.
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but it is bad enough, plus I did put "on the brink" not "are in administration. It is about time these mainly American leeches were banned taking over clubs with borrowed money.