Liverpool FC manager Rafa Benitez has confirmed that he does not expect to receive a transfer boost from Tom Hicks' US$500 million windfall, secured by the American's sale of his Texas Rangers Major League Baseball franchise.
Hicks did not comment on whether any of the US$500 million he will receive for his MLB franchise will be redirected to Liverpool, but he has previously indicated that business dealings at the Rangers would not affect Liverpool. Benitez has now echoed that.
"I don't think so, it is another company," Benitez told the Belfast Telegraph when asked about the possibility of some of the US$500 million finding its way into Liverpool's transfer budget. "We are now run like a company and so that (Texas Rangers) is a different thing."
"The majority of clubs are now run like companies,” he added. "You have to think about football and business, both things together. This year we have done a fantastic job trying to balance the books and to do the right job for the company. In football, we had to take some risks and we have to improve now on the pitch. If people can see the club is healthy, it'll be easier to bring in investors. It has to be like this, because there is an economic crisis around the world. You can't be spending and spending when there's no money."
Hicks and his fellow American George Gillett took control of Liverpool in 2007. The two men were expected to revolutionise the club both on and off the pitch. This season, however, Benitez's team has struggled on the field of play, while the planned move from Anfield to a new stadium in Liverpool's Stanley Park appears as distant as ever, despite claims work could begin within a few months.
Hicks did not comment on whether any of the US$500 million he will receive for his MLB franchise will be redirected to Liverpool, but he has previously indicated that business dealings at the Rangers would not affect Liverpool. Benitez has now echoed that.
"I don't think so, it is another company," Benitez told the Belfast Telegraph when asked about the possibility of some of the US$500 million finding its way into Liverpool's transfer budget. "We are now run like a company and so that (Texas Rangers) is a different thing."
"The majority of clubs are now run like companies,” he added. "You have to think about football and business, both things together. This year we have done a fantastic job trying to balance the books and to do the right job for the company. In football, we had to take some risks and we have to improve now on the pitch. If people can see the club is healthy, it'll be easier to bring in investors. It has to be like this, because there is an economic crisis around the world. You can't be spending and spending when there's no money."
Hicks and his fellow American George Gillett took control of Liverpool in 2007. The two men were expected to revolutionise the club both on and off the pitch. This season, however, Benitez's team has struggled on the field of play, while the planned move from Anfield to a new stadium in Liverpool's Stanley Park appears as distant as ever, despite claims work could begin within a few months.
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