Queens Park Rangers manager Neil Warnock has officially declared Liverpool’s Joe Cole unaffordable for the club after reports linked the England international with a move to Loftus Road.
The former West Ham man has endured a fairly miserable season at Anfield after moving to Liverpool last summer on a free transfer from Chelsea.
At the time, the transfer was praised, with many suggesting it would work out as a bargain in the long-term, however injuries blighted his first few months at the club.
It is fully expected that the West Ham academy graduate will move on this summer with it being suggested that Liverpool might offer Cole in a deal to bring highly-rated Moroccan international Adel Taarabt to Anfield, but Warnock has rubbished claims linking him with QPR.
Warnock has cited wages as the main issue and has insisted that the club isn’t going to approach the Premier League in an over-zealous manner, making sure they don’t overspend, regardless of the presence of billionaires Bernie Ecclestone and Lakshmi Mittal.
Speaking to the London Evening Standard, Warnock said: "I don't think anyone wants to splash out fortunes.
"I think the Premier League will be a great league to be in, and I think the owners will really enjoy it, but they will want me to be as thrifty as I have been in the Championship.
"I can't see them throwing money around with 18,000 crowds. I don't think they want to be self-sufficient, as that is difficult, but they don't want to be throwing money around stupidly.
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