Liverpool set for 'massive transfer overhaul' in the summer as John Henry confirms the club won't be sold

Liverpool principal owner John W Henry has confirmed that the club will not be sold - which is reportedly set to open the door for a 'massive transfer overhaul' this summer.

Henry, who is also the founder and principal owner of Fenway Sports Group (FSG), who control Liverpool, announced during an email-based Q&A session for US reporters that Liverpool would not be sold. However, future investment in the club is still very much a possibility.

He explained (via Liverpool Echo): "I know there has been a lot of conversation and quotes about LFC, but I keep to the facts: we merely formalised an ongoing process.

"Will we be in England forever? No. Are we selling LFC? No.

"Are we talking with investors about LFC? Yes. Will something happen there? I believe so, but it won't be a sale. Have we (FSG) sold anything in the past 20+ years?"

Alongside their ownership of Liverpool, FSG are also majority owners of NHL franchise Pittsburgh Penguins and MLB giants Boston Red Sox. They also hold a 50 per cent stake in NASCAR team Roush Fenway Keselowski Racing.

As far as Jurgen Klopp's side are concerned, Henry's latest announcement could hold the key to a summer rebuild for the Reds ahead of the 2023/24 season.

Liverpool 'set for transfer overhaul'

According to a report by The Times last week, FSG are set to make a 'statement of commitment' to Liverpool and Klopp by setting aside a large sum for transfers this summer.

Midfield and defence are seen as two areas of weakness for the Reds, particularly when it comes to squad depth, and the club have been linked with a host of players for both sections of the pitch.

Chief amongst them is Borussia Dortmund star Jude Bellingham, with Liverpool said to be one of the favourites to sign the 19-year-old this summer amid interest from Real Madrid and others.

Champions League qualification could be key to that move, with the Reds moving to seven points behind fourth place, with two games in hand, after consecutive wins over Everton and Newcastle.

Henry's comments will surely only serve to make FSG's plans more concrete, and give Klopp the opportunity to rebuild his squad ahead of next season.