John W Henry has revealed to the Anfield faithful that his money will be spent wisely over the next few months as the American owner looks to stabilise a football club in decline.
Liverpool’s defeat to Everton at the weekend proved the club’s problems lay as much on the pitch as they did off the pitch, and the new American owner isn’t going to throw money at the situation to improve the club’s plight.
“I don’t have ‘Sheikh’ in front of my name,” said Henry.
“When we spend a dollar, it has to be wisely, we can’t afford contracts that do not make long-term sense.”
After the Everton game, Liverpool’s odds for relegation were cut from 12/1 to 10/1 and the news from the new owner will dampen the spirits of Liverpool fans.
It’s clear that the Liverpool squad needs improving – there is no strength in depth and there are too many mediocre players fighting for a first team place as new boss Roy Hodgson struggles to assert his influence on the team.
In defence of Hodgson, the squad he inherited was average bar two stand-out players in Steven Gerrard and Fernando Torres, but even his recruitments are yet to prove their worth and the Kop were hopeful of the new owners signing some new stars.
That doesn’t seem likely until next summer’s transfer window, and the Liverpool fans may have to face up to a season of mediocrity at Anfield.
When Blackburn visit Anfield on Sunday, it will be a defining game in Liverpool’s season.
A win, Liverpool are 4/6 to do so, would suggest the start of a revival under the new ownership, but a loss or defeat and Liverpool will spend the next seven months fighting at the bottom end of the Premier League.
Liverpool’s game with Napoli on Thursday is an unwelcome distraction for Hodgson, and Napoli are 6/5 to win. See the full Barclays Premier League football betting odds market here.