Liverpool transfers: We won’t be selling despite financial results – Ayre
Liverpool transfers: Managing director Ian Ayre says the Reds won't be selling his top stars despite the club's poor financial results
Liverpool will not be forced to sell their best players despite announcing poor financial results, according to the Reds managing director Ian Ayre.
The Merseyside outfit revealed that their debt had increased by £22m to £87.2m after posting a loss of £40.5m in their annual accounts in the 10 months between July 2011 and May 2012.
Liverpool’s wage bill for that period stood at £109m, while the club’s biggest signings of the August 2011 and January 2012 transfer windows were Jose Enrique and Sebastián Coates.
But despite the deficit, Ayre is adamant Liverpool will not be forced to sell their top talent.
“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 our 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.”