Tuesday, January 12, 2010

Hicks hints at big spending during summer

Tom Hicks has promised Liverpool will spend "big" in the summer after insisting their financial position is better than portrayed in the media.

A day after his son was forced to resign as a club director after inviting one fan who e-mailed him to 'Blow me, f**kface,' Hicks Sr responded to another e-mail enquiry rather more politely.

According to The Times, Hicks wrote in response to a fan concerned about the financial state of the club: "Our debt is very manageable (see Man U) and we never use player sales for debt service. Our interest on £200million is about £16million. The new stadium will be the game-changer.

"January is a poor quality market. The summer window will be big.
"We are working hard on the new stadium. We have an excellent management team and manager. We know we need more depth on the squad and will address it this summer. We hope to have a stronger second half of the season."

Hicks' email comes in the wake of reports Reds boss Rafa Benitez would be given limited funds in the January transfer window, and any more money raised through the sales of players would instead be saved for the summer.

Liverpool have already received around £6million from the sales of Andriy Voronin to Dinamo Moscow and Andrea Dossena to Napoli.

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