The Reds, without a league title in 23 years, are currently languish in seventh in the Premier League and the Scot believes that only significant investment can help
By Paul Clennam
It would take £200 million of transfer spending to turn Liverpool back into Premier League title challengers, according to former Reds star Gary McAllister.
The Merseyside giants' last league triumph came in 1990 and their most recent meaningful challenge in the 2008-09 season under Rafa Benitez.
|McALLISTER ON TRANSFER TALK
|25/1||Liverpool are 25/1 with Bet365 to win the 2013-14 Premier League
This season Brendan Rodgers' men languish in seventh in the Premier League,and McAllister believes that significant investment is required to bring back the glory days.
"I think it's purely down to finances," he told Goal.com.
"For Liverpool to be really competing where they want to be competing – that means winning the league – they're a couple of hundred million quid away.
"They're going to finish seventh this season, behind Everton, and, if the owners can't come up with those funds, it's going to be gradual; developing players, picking players from Europe in that £8m, £9m, £10m bracket and developing them into stars that can compete right at the very top."