No City-style spending in Reds' future

Liverpool co-owner Tom Hicks insists the Reds will continue to operate as a “smart club” and will never be tempted into an “unsustainable” spending spree such as that conducted by Manchester City.

Hicks also revealed Liverpool expect to rake in £26m (€29m) plus on sponsorship revenue in a year, and that will include a new deal with Carlsberg.