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Liverpool managing director Ian Ayre has admitted that the club were in a "horrific state" financially in 2010 under the controversial ownership of Tom Hicks and George Gillet, reports David Maddock of the Daily Mirror.
Ayre says Fenway Sports Group took over at Anfield in the nick of time, with the banks on the verge of calling in massive debts at the club.
Ayre is quoted as saying:
It is no secret, it's like that TV programme, Seconds From Disaster. We were sort of in that vein. It was horrific to see the football club in that state.
I do not think there was a Liverpool fan in the city or anywhere who was not worried we would not get to this position we are in now, for many reasons.
People sometimes forget how bad it was. I speak to people now and they have really short memories.
When you think about that day when we tipped it over the edge and finally pulled it back, we have come such a long way.
Meanwhile, Liverpool striker Luis Suarez has admitted his surprise that the Reds are on the verge of the Premier League title this season, reports Martin Lipton of the Daily Mirror.
Suarez is quoted as saying:
Winning the title this season would be something that no one would believe. The truth is that we are surprised ourselves at how well we’re playing.
We have good players, yes. But if you look at the complete squad, we don’t have the players to be up there.
We have good players who are demonstrating why they are at Liverpool. But it would be something amazing, even to the whole of England, because of the investment made by Chelsea, City and Arsenal.
Even Tottenham have spent over £100m and we, with so little investment, are in that position. It would be incredible.