Spending Big Shows Fenway Is Committed to Reds

Liverpool owner Fenway Sports Group remains committed to the team long term, the club's chief executive Billy Hogan said, adding the multi-million pound spending spree over the summer should put speculation about its future ownership to bed.

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LONDON - Liverpool owner Fenway Sports Group remains committed to the team long term, the club's chief executive Billy Hogan said, adding the multi-million pound spending spree over the summer should put speculation about its future ownership to bed.

"There is absolute commitment from ownership," Hogan said in an interview with Bloomberg.

He noted that John Henry, who leads Fenway Sports, has said the group has been acquiring more teams and properties "than we are selling and exiting".