|LIVERPOOL MOVE TO QUASH SALE FEARS
SportingPreview.com: 5 March 2013
Liverpool Chief Executive Ian Ayre insists the Anfield club are under no pressure to sell top players despite yesterday's news that their debt has risen to £87.2million.
The impact of a season without European football was laid bare yesterday when the results for a 10-month period up to the end of May 2012 showed Liverpool's annual loss was £40.5m (down on the previous year's £49.3m) and the debt had risen by almost £22m.
Aside from that, Liverpool's American owners Fenway Sports Group have pumped in an interest free, inter-company loan of £46.8m to reduce the debt but Managing Director Ayre believes their financial future is healthy and that players such as Luis Suarez will not have to be sold.
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"We won't be selling anyone because of the financial position," said Ayre. "If we are selling anyone, it will be because they are deemed by the manager to be surplus to his requirements and if that happens we will be replacing them and bringing new players in as we always do.
"There's no panic on that part. We feel that we are making progress and improving all the time. Our aspiration for the next couple of years, as the rules will dictate, is to break even and then to make a profit beyond that."
FSG are huge advocates of Financial Fair Play and Ayre added: "The recent rules that we've adopted at the Premier League will expect people to break even and limit their spending and player wages. We will conform just as everyone else does.
"We've been a big advocate in pushing for that so we're certainly not going to fall foul of it."
Liverpool have been heavy investors in recent transfer windows. They spent £20million on Daniel Sturridge and Philippe Coutinho in January but Ayre has warned that they will be slightly more circumspect this summer.
"We will try and invest carefully and try and find the right deal in the transfer market," said Ayre. "If we get the deals right and I would draw attention to January when we did some good business for the club, we got two great players and hopefully we can continue along that sort of line."
Ian Ayre was quoted in Sportsmail.
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