Liverpool want to see the Premier League stay firm on financial rules

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Liverpool FC chief executive Billy Hogan is calling for the Premier League to remain strong when it comes to clubs breaking financial rules which were designed to help clubs remain sustainable in the future.

Last season saw Everton, Nottingham Forest and Leicester City all fall for breaches of profit and sustainability rules (PSR) and as clubs navigate those rules – updated this year for spending caps and an anchor for the most a little rich from the top flight – Hogan wants the League to remain firm despite criticism from clubs.

“I think it’s important that the rules have teeth and if clubs fall foul of that then the Premier League has a process to go through. We support these rules and we are sustainable,” he said.

“We believe clubs should be run sustainably without losing money.

“We support the new financial regulations and are working on them. The new system means the change from PSR to the squad cost rule. That will come into play after this season.

“We have the most competitive and global league and it’s important to keep it that way.”

French outfit Bordeaux recently filed for bankruptcy following the collapse of takeover talks with Fenway Sports Group, which owns Liverpool and is exploring a multi-club structure.

This approach along with the change of manager at Anfield are just one of many changes on the footballing side, with the arrival of Bournemouth’s Richard Hughes as sporting director and Benfica’s Pedro Marques as the new technical director.

The Reds are currently on a pre-season tour of the USA, with new head coach Arne Slot seeing his side beat Real Betis 1-0 at the weekend. They will face Arsenal and Manchester United during the United States before playing Sevilla back at Anfield.

Liverpool have yet to make a senior signing this summer since Slott’s arrival.