Basically, if the club goes into administration and is docked 9 points, the deal with NESV will be off.
I can't possibly imagine this happening, if only because Liverpool is Liverpool. There's no way the bank will call in the loan knowing the potential buyer would walk, and there's no way the Premier League would punish Liverpool this way. Portsmouth, Leeds, etc...they're hardly small clubs but they're not a behemoth like Liverpool.
Also, international break. Yay! Rec this up before the GDTs start flooding in tomorrow.