Liverpool owner John W Henry has questioned whether UEFA's financial fair-play rules will prove sufficiently robust - and was surprised to see Chelsea spending heavily on transfers as the London club revealed heavy losses.
Henry expressed surprise that Chelsea were willing to go as high as £50million to sign Fernando Torres from Liverpool, on the same transfer deadline day that the Blues also spent around £25million on David Luiz and announced total losses of £70.9million for the year ending 30 June 2010.
Henry told The Guardian: "I was surprised Monday morning to receive an offer in that amount at the same time they were announcing such large losses."
Under UEFA's new rules, clubs will face possible bans from European competition from the 2014/15 season if they spend more than they earn in the three years before.
"The big question is just how effective the financial fair-play rules are going to be," Henry added. "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."
For Liverpool's part, Henry pledged to live well within the rules.
"We've always spent money we've generated rather than deficit-spending and that will be the case in Liverpool," he said, talking about the way in which his Fenway Sports Group operate 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."
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