How many premiership clubs have gone close to the wall since Leeds?
Liverpool, for one.
You can't pretend debt doesn't exist by ignorance
I'll name another: Chelsea. They were fucked, which is why the ambramovic deal took 15 minutes.....
Chelsea were on the brink before takeover
Indeed, in his autobiography, Totally Frank, Frank Lampard recalls a team meeting with former CEO Trevor Birch ahead of Chelsea's last game of the 2002/03 season, a few weeks before Abramovich took over: "'I need to tell you something very important,' said Birch...'In order to ensure that Chelsea FC will still exist next season, you have to make the Champions League. In short, if you fail to beat Liverpool then the club will go out of business.'"
Chelsea: Where Would the Blues Be Without Roman Abramovich's Billions?
effectively, if they hadnt beaten liverpool, would the russian have bought them? They may have survived, but they would never have been a success..they would have been the next leeds or portsmouth.