Black holes may not exist

According to researchers,the traditional astronomers view of a universe liberally sprinkled with invisible,all consuming black holes should b replaced with an alternative magnetic balls of plasma floating in their place.the scientists lead by rudy schild at the harward smithsonian centre for astrophysics spotted wt they claim to b the death knell for black hole theory while observing a quasar ,lurking nine billion light years frm earth.quasars r believed to hv black holes at their centres .after analysing the gentle flickering of quasar,they discoverd a gaping hole in a disc of material surroundingto the centre of quasar as wide as 4000 times the distance frm the earth to sun.the hole,they believe could only b caused by a vast ejection of material propelled by strong magnetic field.as black holes dnt hv magnetic fields ,dr schild team suggests that the quasar must b powered by dense ball of plasma called a MECO(magnetospheric eternally collapsing object).they say this is the first evidence that the whole black hole paradigm is incorrect