Just remember the Bank is acting in its own self-interest and that of its shareholders. If they don't keep the Club afloat, LFC as an asset is worthless since the only hard assets are Anfield and Melwood.
I think the playing staff was valued at 300 million, which almost covers FSG's initial investment. If the club is put into admin the players can walk, which means that 300 mill is gone. If you liquidate the playing staff to service the debt, e.g., Alonso and Mascherano, you can keep the club afloat until the new TV deals, which should keep the debt serviced, or, you sell off players as required. RBS was moving fast and liquidating players as needed. That fiction about Rafa blowing the Alonso money is purely that, he never got that $, it went to RBS.
I don't like FSG. I am scouse but live in Canada. I see how North American sports business are operated and FSG have exported the model to LFC and I don't like it. Over here, a sports franchise with a big name can make more money than championship winning teams because owners play on the fans' nostalgia. FSG are playing on our nostalgia and history. While they refuse to invest in a manner that reflects LFC's status, as one of the world's top club sides, we will continue to languish and fall behind our peers. WBA are tied for fourth in the table and have 20 points. I would like Henry, Werner and Ayre to explain how Steve Clark didn't fit into their subsequent re-vision.