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They don't need to splash the cash after the season they have just have. Look at the damage that happened at the likes of chelsea buy loads of players and have to rotate the squad weekin week out. This is what makes the likes of man u and liverpool so good, each player knows the ability of thoose around them. With a team like liverpool to many new players would upset the balance. Maybe one or two to strengthen weak places.
If they were not good enough, Gerard Houllier would of spent the millions he has on offer to him.
Also don't you think he has spent enough, maybe the board are restricting him?