Liverpool owner Henry has promised to spend “smartly” on transfers

John Henry, the American owner of the Premier League club, says that when Liverpool invest in the team and the stadium, they will not fall into the trap of spending more than they can afford to succeed.

Liverpool competed for four trophies last season, winning two domestic cups, but struggled to win the Premier League and Champions League, although they underperformed this term.

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The club are 21 points behind league leaders Arsenal and fans are frustrated by a lack of support for manager Jurgen Klopp in the transfer market, with banners flying over Anfield ahead of a 7-0 win over Manchester United calling for the hosts to leave.

But Henry said he would be “responsible” when it comes to building the club.

“We saw a lot of football clubs [including Liverpool previously] take unstable roads,” Henry told the Liverpool Echo on Tuesday.

“We have focused and will continue to invest wisely in the transfer market and we are very proud of our team.

“At the same time, we will continue to invest in our training facility, our main stand and currently the Anfield Road stand.”

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Fenway Sports Group (FSG), which completed the £300 million ($359.49 million) takeover of Liverpool in 2010, is exploring the possibility of attracting investors.

Henry ruled out a sale last month and said their “commitment is stronger than ever”.

“While we formalize the process of identifying potential investors for the club, we are fully committed to the long-term success of the club,” added Henry.

“This has been the case since the first day of 2010. Our daily efforts are and will continue to be focused on the long-term health and competitiveness of the club.

“Investment in a club is never short-term. This method has been successful for a long time with patience from time to time.’

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