Liverpool owner John W Henry has reaffirmed their plans to build future teams from academy graduates.
Henry says they have a long-term strategy they intend to stick to.
"We know we have a challenge on our hands," he said. "The one thing we had a really big issue with, and the one thing that may have kept us from buying the club, was we saw that players were coming in for a certain period of time that weren't what we considered to be big-four players," Henry is quoted by the Mirror.
"We knew we had to turn that around. We knew that was going to be difficult, because the club, frankly, had a huge salary base, that was (contracted) long-term.
"One way to do that is to develop our own young players. Bringing through young players is extremely important for a club's identity. From a business standpoint too, it is also important - it is a much more inexpensive way of producing stars than if you go out and purchase them.
"The more stars you can bring through on your own, the more money you have available to spend to really strengthen the team.
"You have to grow as a company. We've always spent money we've generated rather than deficit spending, and that will be the case in Liverpool.
"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."
