Liverpool's American owner, John Henry, has criticised Chelsea for their extravagant transfer window spending, questioning the commitment of Roman Abramovich's club to Uefa's financial fair-play rules. In an exclusive interview with the Guardian, Henry suggested Chelsea may be planning to "evade" the rules and called on the governing body to ensure they are strictly followed by all clubs. The fair-play rules, which require clubs to spend only the income they make and not rely on subsidies from owners, come into effect from next season to 2014.
"I was surprised Monday morning to receive an offer [from Chelsea for Fernando Torres] in that amount [£50m] at the same time they were announcing such large losses [£71m for 2009-10]," Henry said. "The big question is just how effective the financial fair-play rules are going to be. Perhaps some clubs support the concept in order to limit the spending of other clubs, while implementing activities specifically designed to evade the rules they publicly support. We can only hope that Uefa has the ability and determination to enforce what they have proposed."
Chelsea have insisted since signing Torres and David Luiz that they firmly intend to comply with financial fair play and that the £71m outlay was within overall progress towards cutting costs.
Henry, setting out his thoughts on Liverpool's direction almost four months since his Fenway Sports Group bought the club by paying off the £200m debts Tom Hicks's and George Gillett's "leveraged" takeover had loaded on to Liverpool, said he is committed to the club living within its income. "We've always spent money we've generated rather than deficit-spending and that will be the case in Liverpool," he said, referring to the group's ownership of the Boston Red Sox baseball team. "It's up to us to generate enough revenue to be successful over the long term. We have not and will not deviate from that."
That commitment to sound financial management was followed, not breached, Henry asserted, in the £35m Liverpool paid Newcastle United for Andy Carroll, a fee that astonished English football. Henry said the £35m made financial sense because Liverpool were only paying to Newcastle what they were to receive from Chelsea by selling Torres, whom they allowed to leave because he had become too evidently unhappy at Anfield.
"The fee for Torres was dependent on what Newcastle asked for Carroll," Henry said, explaining that Liverpool wanted Carroll, plus £15m, to replace Torres. Together with the £6m sale of Ryan Babel to Hoffenheim, that effectively financed Liverpool's £22.8m signing of Luis Suárez, meaning the club bought two strikers but net, spent almost nothing. "The negotiation for us was simply the difference in prices paid by Chelsea and to Newcastle," Henry said. "Those prices could have been £35m [from Chelsea for Torres] and £20m [to Newcastle for Carroll], 40 and 25 or 50 and 35. It was ultimately up to Newcastle how much this was all going to cost. They [Newcastle] made a hell of a deal. We felt the same way."
