Newcastle United boss Eddie Howe has responded to John Henry's calls for spending restrictions, insisting it would hinder hopes of continuing to progress at a steady rate.
The Magpies' investment received from their Saudi-backed owners has seen the club go from battling relegation to challenging for the Champions League in the space of one season, aided by the arrivals of stars such as Bruno Guimaraes, Kieran Trippier and Nick Pope.
Liverpool face a battle on their hands to continue competing with clubs such as Chelsea, Newcastle and both Manchester clubs, each of whom have greater resources in the transfer market and have spent heavily to bolster their respective squads in recent times.