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Liverpool can compete with best but will spend 'smartly' - CEO Peter Moore

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Jurgen Klopp seems to shun rumours Liverpool need a defensive midfielder in the transfer market.

LIVERPOOL -- Liverpool's new CEO Peter Moore says the club have "tremendous resources" available, but added that they will continue to spend "smartly" in the transfer market.

Moore, a lifelong Liverpool supporter and former chief competition officer at EA Sports, starts working at the club on June 1, filling the post vacated by Ian Ayre.

He arrives at Liverpool with the club in a healthy financial position following the opening of the new Main Stand at Anfield, a lucrative Premier League TV deal and Jurgen Klopp's side securing Champions League qualification with a fourth-placed finish this season.