Andy Lyons meets Liverpool chief executive Rick Parry, who discusses his club's perspective on the current state of English League football and their role on the international stage as a member of the controversial G-14 group of elite European clubs
Some clubs claim that they have a duty to their shareholders to be in Europe. Is there less of this pressure at Liverpool through not being a publicly quoted company?
We don’t have that institutional investor pressure but the club has to pay for itself. We consciously incurred heavy losses for a couple of years of around £14 million when we were investing in the squad but you can’t go on doing that. The dilemma, and 90 per cent of clubs would say it’s a nice dilemma to have, is that you invest in a squad capable of getting into the Champions League, but if you don’t get in, you’re suddenly £20 million adrift and facing huge problems. We weren’t in Europe in 1999-2000 and that was a really difficult year for us. In absolute terms the gap between those in the Champions League and the Premier League is bigger than that between the rest of the Premier League and the Football League. I’m not saying we’re unhappy to be in that position but it’s a big gap to bridge.