September 16th, 2009 by admin

Liverpool fans hoping for big money signings took may not like what co-owner Tom Hicks had to say on the matter. He said the Reds will continue to operate as a “smart club” and will never be tempted into an “unsustainable” spending spree as carried out by Manchester City.

Hicks told The Times: “You have to look ‘cash flow’ rather than accounting – and we intend to operate Liverpool where it has a very strong positive cash flow, so we have the resources to be as competitive as possible on the pitch.”

“We had strong, positive cash flows last year. Our debt levels are at a very comfortable level, and we are going to continue bringing it down.Our goal is to have less debt than any of the top clubs, and that’s a commitment we have made and will continue to make,” The Independent quoted him, as saying.

Hicks also said that City’s huge outlay on signings is not sustainable.