Pick the bones out of this;

“As we’ve seen with other clubs, it doesn’t necessarily mean you need good management on the footballing side, is to pick the teams, and maybe when you not got as much money, you have to look and you have to delve, because we’ve seen Porstmouth do it and we’ve seen Everton do it, so why not, with a club that Liverpool is, would be able to attract a better quality of player, still, is, yes, we might have said, yeah, we’ll sit back, but because other clubs are doing it, you felt, you got to move on, you need this financial clout to go out, and that is the reason. And I can’t say that was a wrong decision. Now I can, but then…”

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