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Friday 29 August 2014

Rodgers not concerned by club debt

Published 08/03/2013 | 16:16

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Brendan Rodgers feels Liverpool owners FSG deserve 'massive credit' for their support

Liverpool manager Brendan Rodgers insists an increase in the club's debt levels will not impact on his ability to strengthen the squad this summer.

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On Monday the publication of the Reds' annual accounts revealed a loss of £40.5million with overall debt rising by £21.8million to £87.2million But Rodgers denied that would impact on his spending, stressing owners Fenway Sports Group had already pledged their full support for his restructuring plans.

"If you look where the club was at four years ago and where it is now it is a different place," said the Liverpool boss, who has spent part of his first year in charge cutting the wage bill at Anfield by offloading high-earning but low-performing players.

He added: "Of course there is still debt there but I think next year's results will show further improvement on that.

"In terms of me building the squad I've already got the assurances it won't affect anything.

"I think you have to give massive credit to the board and FSG because they took on an astronomical amount of debt - almost £400million - so where it is at now in their short period of time here is a huge credit to them while still supporting the investment of the team.

"They have made every promise and every commitment to me that every single penny they have will go into generating the squad and making it better.

"We won't be able to do it like some clubs and throw out masses each year but that is something as a club we are looking to standardise here while still growing the club and bringing in quality players and that won't stop in the summer."

Press Association

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