Liverpool manager Kenny Dalglish believes the club have gone about their transfer business "responsibly" - even though the club have spent over £100 million since he returned as manager.
That spending has been offset by sales, though - notably Fernando Torres' move to Chelsea - and Dalglish insists the extra funds have been necessary to put the club back on track.
"Spending money does not guarantee you success, but I don't know of any club that has ever had success without it," he explained. "It is necessary, but it's even more important to spend it wisely, and we've acted responsibly in the transfer market.
"Everyone hopes all their signings will come in and make a huge impact, but we believe we have improved and enhanced the talent we already had here."
Liverpool's spending is unlikely to end just yet, with Dalglish favourite to land Newcastle United left-back Jose Enrique, while Birmingham's Scott Dann is also on the wanted list, and he is glad that he now has an owner who understands team strengthening.
"If anyone has a better owner than John Henry, then they have done very well for themselves. He's fantastically supportive," Dalglish said. "I'm not going to sit here and tell you what he does or how he helps, but he's genuinely a good fella, just a good lad. He cares passionately about the club and wants it to go in the right direction.
"Anyone who has got any affinity for the club will want that, too. We are fortunate there is nobody pulling in the wrong direction. It's helpful if everyone is singing the same song."