The Reds, without a league title in 23 years, are currently languish in seventh in the table and the Scot believes that only significant investment can help

EXCLUSIVE
By Paul Clennam

It would take £200 million of transfer spending to turn Liverpool back into Premier League title challengers, according to former Reds star Gary McAllister.

The Merseyside giants’ last league triumph came in 1990 and their most recent meaningful challenge in the 2008-09 season under Rafa Benitez.

In the meantime, Manchester United have overtaken Liverpool as the most successful club in English football, winning 13 of their record 20 league titles under Sir Alex Ferguson.

This season Brendan Rodgers’ men languish in seventh in the Premier League,and McAllister believes that significant investment is required to bring back the glory days.

“I think it’s purely down to finances,” he told Goal.

“For Liverpool to be really competing where they want to be competing – that means winning the league – they’re a couple of hundred million quid away.
 
“They’re going to finish seventh this season, behind Everton, and, if the owners can’t come up with those funds, it’s going to be gradual; developing players, picking players from Europe in that £8m, £9m, £10m bracket and developing them into stars that can compete right at the very top.”