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Writing in The Times, Paul Joyce has outlined how Liverpool’s ownership feel about spending in the summer if the Reds fail to qualify for the Champions League.

This time last year it was almost impossible to imagine the Reds failing to qualify for Europe’s premier competition, but a spate of injuries combined with some disastrous home form has left the Reds in trouble.

The Champions League is obviously a big revenue stream for any team competing in that competition, and with Liverpool recently reporting a significant drop in revenue, you’d have to imagine that failure to qualify will have a negative financial impact.

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Fortunately, the owners are still keen to back Jurgen Klopp if they don’t manage to secure a top four finish.

Indeed, the Times claim that money will be available regardless of what happens between now and the end of the season, writing:

‘After five years of progress FSG will not abandon 53-year-old Klopp and plans to make money available to strengthen the team despite the increasing likelihood of missing out on a place in the Champions League next season.’

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That’s fantastic to hear if you’re a Liverpool fan.

FSG have come in for a lot of criticism as of late, but it seems as though they’re going to do right by the club this summer.

However, the report also states that the owners and the manager don’t believe that the squad needs a sizeable overhaul, so don’t be surprised if there are a few focused signings rather than a huge spending spree.

Liverpool will certainly be a team to keep an eye on once summer rolls around.

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In other news, Report: Tottenham now in real danger of losing Sasa Kalajdzic race to AC Milan