Brendan Rodgers fully agrees with a new Barclays Premier League initiative which will limit the losses any of its member clubs are allowed to record.
In a move which aims to improve financial stability among the league's 20 teams, each side must adhere to wage bill regulations and abide by a maximum loss total of £105million across the three seasons from 2013 to 2016.
The Liverpool manager was asked for his opinion on the incoming rules during a press briefing on Friday, and gave his complete backing to the policy.
"For me, it's a good idea," Rodgers told reporters.
"We certainly wouldn't want to see one or two clubs who have got a lot more finance than anyone else run away with it.
"We've seen in the last couple of years, clubs that we would consider to be massive clubs and institutions in the game going bankrupt and struggling.
"That's not anything we want to see. It can happen.
"It's very important for the fair play and the competition itself, that there's a playing field that we all feel we can compete in.
"Once that kicks in over the next two or three years, it will be good for the game."
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