Keith Wyness reveals what Liverpool part-sale will mean for late-window signing spree
Liverpool's potential investment deal will not necessarily mean a huge increase to their transfer budget for the remainder of the summer.
That is according to former Everton chief executive Keith Wyness, speaking exclusively to Football Insider, who does not believe that a large portion of the investment will translate straight into the spending budget.
FSG are currently in talks with a consortium led by Amit Bhatia over a sale of 20 per cent of the club, with an offer worth £1.35billion already on the table.
Wyness has outlined that if the deal goes through, it will leave the Reds with a "strong balance sheet," and provide finance "as needed."
The Scottish businessman has warned that while fresh money will be available to spend on players, any business must still fall in line with the club's financial structure.
He has noted that Liverpool would gain much more "leeway" financially in the coming years if the deal does go through.
FSG need 'strong hand' to continue leading Liverpool
Everton’s former chief Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – believes that FSG will need to show a "strong hand" with how they lead Liverpool forward this summer.
He believes that the club are facing a hugely important transfer window, but do not have the power to spend freely, even if the investment deal goes through.
Speaking on the latest edition of Football Insider's Inside Track podcast, he explained that fresh investment won't "flow" directly into the transfer budget.
"People shouldn't be thinking about that (transfers). When you sell these percentages, it does mean your balance sheet is improved considerably, but it doesn't mean it flows right through into transfer spending. That's not the way it works," Wyness said.
"We're seeing Liverpool linked with some top-level players and some big numbers. So there will be money available provided it fits into the whole financial structure. And Liverpool should have some leeway.
"But it's not a case of they sell 20 per cent, and all that money goes into transfer fees. It's not the way it works. But certainly it means that there will be a strong balance sheet there to be able to finance things as needed.
"They've shown that they're not going to go mad. But they're not going to be sitting on the sidelines when big deals are around. They're going to try and do it right for Liverpool. And this is a very important summer for them.
"It's definitely a period that can go right or wrong, and so it's important that we have that strong hand from the top from Fenway to make sure things go the right way."
FSG 'taking profit' out of Liverpool
Wyness also told Football Insider earlier this week that FSG are being "very clever" with their deal to sell a 20 per cent stake in Liverpool.
The American group only bought the Reds for £300million back in 2010, and have already enjoyed a huge return on their investment.
Wyness has made it clear that they are now "taking profit" out of the club, but are also ensuring that they retain control for the coming years.
He believes that the ownership group deserve huge praise for the deal, and also added that they are bringing "deep-pocket partners" on board.