Barry Fry insists that Liverpool need to splash the cash this summer if they are to return to the top of the Premier League, but has told Football FanCast that he doubts the money will be spent.
The Reds have fallen way off the pace in the league this season.
Jurgen Klopp’s men are currently sixth in the table, 22 points behind current leaders Manchester City.
They have lost nine games and drawn seven this season, having lost three and drawn three last term, as they chalked up 99 points from 38 games.
Were they to win every game remaining, they would finish with 73 points, and there is also a doubt over whether they will manage to qualify for the Champions League, as they currently sit three points behind fourth-placed West Ham United.
And Fry, who is currently working as Peterborough United’s Director of Football, has said that the club need to ensure that there is better squad depth at the club if they are to succeed next term, but he doubts the funds will be made available to Klopp.
He told FFC: “Well, I think they’ll have to be big spenders, although listening to the manager, I’m not sure that the club will back him.
“I think everybody in the country has been hit by this pandemic and it makes it difficult for everybody. But they are a big club with big ambitions. And I think they’ll have to do quite a lot of business in the summer to put them back on track.
“I mean, obviously, you can’t lose the players that they’ve lost over long term because they’re top players and you can’t replace them with your squad players. But they certainly need more of the class player that they’ve got to strengthen their squad, because I think if Liverpool can pick eleven players that want to play, then they’ll give anybody a game.
“However, if there’s three, four, or five of them short, they haven’t got the backup required to maintain that success.”