Wolverhampton Wanderers owner Steve Morgan has claimed that Liverpool would have been debt-free if he had taken over the club.
The business magnate owned a 5% stake in the Reds before chairman David Moores agreed a leveraged buyout with George Gillett and Tom Hicks in 2007.
As a result of the Americans' reign, Liverpool have debts of £237 million with interest payments believed to currently stand at £30 million per annum - something which Redrow owner Morgan claims would never have happened if his 2004 takeover bid had been accepted by the Anfield board.
"I was going to put at the time up to £70 million investment into the club," he told Bloomberg.
"It would have been cash into the club. It would have pretty much reduced the debt and got the debt down to nil."
"If I'd have been there, there wouldn't have been that interest bill."
Under Morgan's stewardship, Wolves strolled to the Championship last year and are currently 15th in this season's Barclays Premier League and the 57-year-old is now targeting long-term stability for the Molineux outfit in the top flight.
He added: "Our plan this year and hopefully next is to establish ourselves in the Premier League and to build.
"But again, it's a step at a time. This year is about trying to establish ourselves and then to take the club forward."
The business magnate owned a 5% stake in the Reds before chairman David Moores agreed a leveraged buyout with George Gillett and Tom Hicks in 2007.
As a result of the Americans' reign, Liverpool have debts of £237 million with interest payments believed to currently stand at £30 million per annum - something which Redrow owner Morgan claims would never have happened if his 2004 takeover bid had been accepted by the Anfield board.
"I was going to put at the time up to £70 million investment into the club," he told Bloomberg.
"It would have been cash into the club. It would have pretty much reduced the debt and got the debt down to nil."
"If I'd have been there, there wouldn't have been that interest bill."
Under Morgan's stewardship, Wolves strolled to the Championship last year and are currently 15th in this season's Barclays Premier League and the 57-year-old is now targeting long-term stability for the Molineux outfit in the top flight.
He added: "Our plan this year and hopefully next is to establish ourselves in the Premier League and to build.
"But again, it's a step at a time. This year is about trying to establish ourselves and then to take the club forward."
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