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Dublin: 13 °C Sunday 21 December, 2014

Liverpool were one day away from administration, claims Purslow

The ex-managing director also believes Chelsea’s potential move to Battersea Power Station would put them in a stronger financial position than Kenny Dalglish’s club.

Purslow left his role as managing director shortly after the Fenway takeover in October 2010.
Purslow left his role as managing director shortly after the Fenway takeover in October 2010.

EX-LIVERPOOL MANAGING director, Christian Purslow, has claimed Livepool were on the brink of administration before being sold to Fenway Sports Group.

Speaking to BBC Sport, Purslow suggested criticism of John W Henry’s tenure as owner at the club was unjustified:

“People have short memories, it’s only 15-16 months ago we were a day away from being in administration. We are now stable financially.

“It’s year one of what they [Fenway] said when they bought the club would be a long journey.”

And Purslow added that the owners needed more time, despite Liverpool’s largely disappointing season:

“The club has had some investment [under Fenway] and it will take time for that to work. I think everybody’s disappointed with the league performance but it’s year one. One thing I will say about American owners is the idea that there is some emotional connection is obviously rubbish. It’s an investment game, Liverpool is an investment and the value of that investment will hang largely on two key planks in the strategy they would have put in place when they bought the club. The first was to get the team back into regular Champions League football.”

He added that he was disappointed the club had yet to confirm plans to move to a new stadium, and said recent news of Chelsea’s prospective move to Battersea Power Station would be likely put them in a stronger financial position than Liverpool should it come to fruition.

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