Liverpool owner John W Henry has hit out at UEFA's financial fair play laws.

Henry, however, has welcomed talk of the Premier League introducing their own rules.

Henry told Liverpool fans' website the Tomkins Times: "Recently I was told that half of the clubs in the top divisions within Europe are losing money and 20% are in straits of varying degrees.

"There are a lot of clubs within the league that support financial fair play.

"We believe the league itself may have to adopt its own rules given that clubs seem to be ignoring UEFA's rules, which may be porous enough to enable clubs to say that the trend of huge losses is positive and therefore be exempt from any meaningful sanctions."