Liverpool’s owners New England Sports Ventures are keen for their youth teams to play a bigger part in the club’s future, according to academy director Frank McParland.

Liverpool can look forward to a virtually debt-free future after New England Sports Ventures today completed the £300m (€343m) takeover of the club to conclude a frenetic week.

Hungary captain Zoltan Gera hailed Steven Gerrard as one of the best midfielders in the world but maintains he is not about to join the England skipper at Liverpool.

Jose Reina has signed a new Liverpool contract that will keep him at the club until 2012.