Liverpool were on the brink of financial collapse in 2010 when they were purchased by Boston-based Fenway Sports Group.

The club were on the verge of going into administration after being laden with debt under the regime of Tom Hicks and George Gillett.

Fenway, led by John W Henry and Tom Werner, were able to take control at Anfield in October 2010, after a ruling by London's High Court forced Hicks and Gillett to sell.

Liverpool is believed to be in a better financial state despite an annual loss of 49.8 million pounds in their most recent accounts, published in March.

Liverpool will receive extra revenue in 14-15 due to playing in the Champions League and they also plan on expanding Anfield.