“There Is Money To Back The Manager” – Liverpool’s New CEO Is Ready To Splash The Cash In The Summer

It is now well known that Peter Moore replaced Ian Ayre as the club’s new chief executive. It was announced by the club in February that Peter would be taking over from Ian, and our new chief executive has now spoken out about his plans and has admitted that Jurgen Klopp will be given all the resources he needs to improve his squad in the summer transfer window.

Having secured Champions League football for next season the Reds have bold plans to close the gap between them and champions Chelsea, runners-up Tottenham Hotspur and third-place Manchester City. The Liverpool Echo reports that the club has designs on spending upwards of £200m (€229m) in the off-season. Dominic Solanke became the first addition this week, but considering the news that is coming, we expect the club to complete at least two to three marquee signings.

Klopp seems to be keen on completing all the transfer dealings before Liverpool’s pre-season tour to Hong Kong. And chief executive seems to be on the same wavelength as well.

Peter Moore told the Guardian,

“There is money to back the manager and the sporting director. The key ingredients are already in place at this club, you can expect the team to be strengthened, but we won’t be spending £100m just because Manchester City has spent £100m.

I have worked for in a company that was involved in a $1bn buyout and it didn’t quite work out. I have lived through a lot of merger and acquisition activity, and what I have learned over the years is that it is not how much you pay but what you get for your money.”

“Everyone wants to see massive money but my business background is buying talent at the right price. We have a kid called Philippe Coutinho who cost £8million, and he is as good as other guys around the league who cost four or five times as much. What I am about, and what I believe this club is about, is making good business decisions.”

Moore sounded confident about the direction in which the club is headed and heaped praise on the owners and our German manager Jurgen Klopp. He also insisted that the club will not spend money just for the sake of it and said that they will invest sensibly and securely. He said:

“I think the stars are aligned here at the moment. We have good owners, amazing investment in the stadium, we are presently laying down a brand new multi-million pound players surface, planning to improve our training facilities, we have a world class manager, money to spend on the team and we will be ready for our Champions League qualifying games.”

“We will not be spending money just to keep up with the neighbours. We might spend £100m, who knows, but it will not be because one or more of our competitors has done so. We want to invest sensibly and securely, because that is how businesses grow. You need to always think: ‘we can do better here, we can do better there’.”

“Every Premier League club, just like every Bundesliga, La Liga or Serie A club, has a sit down at the end of the year to review what they could have done better. Should you reach a position where you don’t think you can do any better, that is dangerous territory. If you are in business and you think you are perfect, you are screwed.”

It looks like our new chief executive is pretty clear about what needs to be done at the club. We will only be able to find out more at the end of the transfer window if he will keep his words and invest the money or not. Certainly, the team needs reinforcements and bringing in quality players will be necessary and hopefully, Peter Moore is aware of that.