John W Henry admits Liverpool must improve their youth system.
The Daily Mail says speaking to fans in Liverpool on Tuesday, Henry admitted his club are lagging a long way behind Manchester United and Arsenal, who have brought through high-calibre players such as David Beckham, Ryan Giggs, Jack Wilshere and Kieran Gibbs.
"On the field we have to be smarter," said the American, who completed his takeover of the club last month. "Arsenal and Man U have depth that is young and capable. We do not. We have a lot of work to do there. A lot of work. And we will, but we have to be smart about it.
"We are here for the long term. Everything we do is for the long term. Our biggest responsibility is to bring in the right people to the club on and off the field."
