Everton boss David Moyes admits Liverpool's mega spending in 2011 has left him "deflated".

Since Kenny Dalglish returned to Anfield in January, the Kop chief's red revolution has seen him splash out more than £100million.

When asked if he had been left deflated by the countless big-money buys checking in across Stanley Park, he immediately confessed: "I would have to say 'Yes'.

"I did feel that at first but then you tend to think 'Stuff it, I'm just getting on with it'.

"We have tried to make a fist of it but it will be difficult to compete on an equal financial footing again.

"Liverpool have a great brand, that's true. But over the last few years maybe we haven't been so far away from each other."