Rodgers won't overspend

Brendan Rodgers says it is "incredible" Liverpool came close to bankruptcy and insists he will keep a tight rein on the Reds' finances.

Rodgers moved to Merseyside from Swansea earlier this summer and has already begun to make his mark on the Anfield squad. Former Swansea stars Fabio Borini and Joe Allen have joined in deals worth in the region of £25million, though that has been offset with the departures of the likes of Alberto Aquilani, Craig Bellamy and Dirk Kuyt. Rodgers wants to make further additions to his squad before the end of the transfer window but insists he will not pay over the odds for players. He points to the demise of Rangers, who have now re-formed in the Scottish Third Division after liquidation, as a warning to clubs over the perils of over-spending. Liverpool had financial problems of their own before their take-over by the Fenway Sports Group two years ago and Rodgers is determined for nothing like that to happen again. "I won't pay anything at all costs. If there is a player who can make a difference, we'll do all we can to get him,"said the 39-year-old. "What I'm not prepared to do is waste time, money and effort for anyone who won't add value. I prefer the hungry player, one who wants to succeed. "This is Liverpool Football Club and it's incredible to think it came close to bankruptcy." "You may think it'll never happen to your club but who'd have thought it could to a team like Rangers? But if football continues to pay the wages some clubs do, you will be asking for it. "If you believe it can't happen, well it can, maybe not now but certainly later. Look at Rangers' history. That is a warning for everyone."