Wednesday, June 11, 2008

Liverpool Coach Benitez Says Club Can Cope Without Expensive Signings

Liverpool manager Rafa Benitez expects less spending power in the transfer market, despite a plea by star striker Fernando Torres to sign more big-money players.

Benitez doubts getting much cash to bolster his squad to mount a Premier League title challenge against the backdrop of an unremitting feud between American owners Tom Hicks and George Gillett Jr.

Newly released accounts show that the Americans, who gained control in March 2007, had net losses of 33 million pounds (then US$67 million) by July 31, 2007.

Hicks has prioritized raising equity to buy out his estranged partner's 50 percent-stake and fund a new stadium.

Torres said last week that Liverpool needs "a lot of 20 or 25 million pound (US$39 or 49 million) players'' like Manchester United and Chelsea to bring the league title back to Anfield for the first time since 1990.

"Some teams around us are spending 20 million pounds and 30 million pounds (US$59) on one or two players,'' Benitez responded.”But the important thing is to get the right players and my staff are working hard to do that.''

Benitez said fellow Spaniard Torres was one of the key inspirations for keeping him at Liverpool, which finished fourth last season in the league and was ousted in the Champions League semifinals by Chelsea.

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