Purslow: Reds were on the brink
Liverpool were on the brink of administration, says former director Christian Purslow
Former Liverpool managing director Christian Purslow has revealed the Anfield club was one day away from administration before being sold to current owners Fenway Sports Group.
Purslow, a Liverpool season ticket holder, negotiated the sale to Fenway chief John W Henry and has cautioned criticism of that regime's first year-and-a-half in charge at Anfield.
"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, " Purslow said on Radio 5 Live's Sportsweek programme.
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