Most naive award goes to...
Aside from your nonsense, the reality was were weeks away from administration.
Immediately prior to the FSG buy out we were due £280M to RBS. In the event that RBS pursued administration, the league offered little indication they would bail us out. Even if they did, at what cost? 9 points? More, risk of relegation?
There was no chance whatsoever of RBS extending the loan. They were being swallowed by the financial crisis since the wall street crash - our existence didn't even register to them, them wanted the money they were owed and would pursue at any cost. Even if that cost was the liquidation of one of footballs most famous sides.
Ian Ayres confirmed this state himself -
“Would we have gone into administration?” ponders Ayre. “Certainly the bank had the power to call in the debt and at the time there wasn’t anyone ready to take on that debt. So I guess the answer to that is yes.
“The most difficult part of it was that it was a financial issue; the ability of the club to continue to invest in the team with the growing level of debt that existed.
“The commercial part of the business was continuing to grow but the disenfranchising of fans started to kill even that.
“What you had was a domino effect of things.
“The servicing became harder because the revenues became smaller.”