Saturday, November 6, 2010

Henry: Reds Squad In Need Of Investment

NESV chief John W Henry accepts Liverpool's squad needs major investment. Former owners Tim Hicks and George Gillett ran Liverpool into spiralling debts and Henry insists the new American regime will not fall into the same trap. Henry, who also owns Major League Baseball team the Boston Red Sox, acknowledges investment is needed at Anfield. He said: "We really have to invest in the club. We need more depth. We need to build the squad. "We need stadium changes, whether we build a new ground in Stanley Park or we rebuild and refurbish Anfield. If you build a stadium there's debt involved in that. Even Arsenal had to borrow to build Emirates. You cannot sustain a club in the long term to buy players. "You're really limited to what your revenues are. That means we have to create revenues worldwide. We have to generate revenues and that's what we're really good at. "When we went to Boston we spent three years trying to figure out whether to build a new stadium or refurbish the new one. "We need to move faster. Hopefully within a year, but I don't want to set a hard-fast timeline when we'll make that decision. If you're going to build a new ground that takes time."

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