Henry Questions Transfer Critics

Liverpool owner John W Henry is baffled by criticism of the club's summer spending spree and believes critics have been hypocritical.

Since taking over the club in October 2010, Henry has sanctioned big-money signings such as Andy Carroll, Jordan Henderson and Stewart Downing for a combined figure in the region of £71million.

The American entrepreneur claims the same critics who have slated the club's policy of spending huge sums on British talent are those who questioned that he had the team's best interests at heart upon his takeover.

"It's odd to be criticized by some who think we are overspending," he told The Daily Telegraph. "The worry seemed to be that we wouldn't spend.

"But we've been consistent, we intend to strengthen this club annually but that doesn't mean we will deficit spend.

"Look at the prices paid this summer for (Connor) Wickham and (Alex) Chamberlain. At Liverpool we have purchased each player for a different reason, and are headed in the right direction.

"This year our goal is to get back to the Champions League. But it won't be easy as there are six big clubs - among the best in Europe - fighting for four spots.

"It's up to us to strengthen revenues. Only then will we be strong enough to compete in Europe."

Meanwhile, Henry revealed talks over Liverpool's prospective ground move are ongoing, but suggests a new business strategy may be needed to fulfil the club's potential, although a ground-share with Everton is unlikely.

He said: "There's no doubt that if a new stadium were to be built in Liverpool from a financial prospective, which is the major issue, a ground-share would be helpful for both clubs.

"But there doesn't seem to be any support for that from fans. If Anfield cannot be expanded, a new stadium is a wonderful choice.

"But we already have 45,000 seats. If a new stadium is constructed with 60,000 seats you've spent an incredible sum just to add 15,000 seats.

"If the cost is £300million for an extra 15,000 seats, that doesn't make any sense. Liverpool isn't London, you can't charge £1million for a long-term club seat."