Last Updated: Tue, 04 Mar 2014 11:24
Liverpool boss Brendan Rodgers is doing an outstanding job and will be handed money to spend in the summer, according to Ian Ayre.
The managing director was speaking after the club announced they had made a £49.8million loss for the year to May 2013 with a 31% rise in the club's debts to £114million.
Despite the disappointing figures, Ayre says they are going in the right direction and there will be money for the manager in the summer.
"We all had great faith in Brendan when he was appointed and I think he had a huge challenge in front of him," Ayre told the Liverpool Echo.
"I mean we all did - but no one more than Brendan, because he comes to one of the biggest football clubs in the world where expectation is high and there was a lot of work to do.
"In his first season he would admit - and I would admit it publicly - that there was a lot of finding his feet and starting to impart his philosophy and his style into the team.
"I think what we have seen this year is that starting to grow and prosper. And we'll continue to add to the team and support him in putting additional players into the group.
"Both the efforts of Brendan and the players have been astounding. The results are being delivered as a group and the performance of the players has blown everyone away."
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