Liverpool may face administration

LIVERPOOL could be forced into bankruptcy protection next week if its debt-ridden owners still oppose the takeover bid from the owners of the Boston Red Sox that is supported by the rest of the football club's board.

Co-owners Tom Hicks and George Gillett Jr have until Oct 15 to repay debts of about 285 million pounds (S$591.6 million) or the club could enter financial administration, a form of bankruptcy protection. MORE