Liverpool owner John W Henry denies they paid over the odds for their British signings.
The deals for Andy Carroll and Stewart Downing have raised eyebrows.
But Henry told the Telegraph: "Everyone seemed to think that Liverpool was over-valuing British players this summer. But when the Premier League has the whole world to choose players from and there is a substantial homegrown rule, British players are going to be highly valued. Look at the prices paid this year for Conor Wickham and Alex Oxlade-Chamberlain.
"At Liverpool we have purchased each player for a different reason. It doesn't mean we are going to solve all of our issues in one season, but we are headed in the right direction."
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