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Premier League chief: Liverpool were not at risk

Premier League chief executive Richard Scudamore has stated that Liverpool were never at risk of going out of business despite the financial uncertainty which surrounded the Merseyside club until the recent takeover.

However, Scudamore also pointed out there is nothing in place to stop another debt-funded buyout, which Tom Hicks and George Gillett's did when they assumed control at Anfield in 2007, taking place in England.

Liverpool, who would have likely faced administration and incurred a nine-point penalty for a failed takeover, were eventually taken over earlier this month by New England Sports Ventures.

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