Liverpool transfer news: Ian Ayre confirms Reds will back Jurgen Klopp in summer transfer window

Liverpool chief executive Ian Ayre has revealed the club will back manager Jurgen Klopp in the upcoming transfer window as the German coach prepares for his first summer window with the Reds. He replaced Brendan Rodgers last October after the latter was relieved of his duties following a poor run since the start of the 2015/16 season.

The Merseyside club reported a profit for the second straight year until 31 May 2015, mainly due to the sale of Luis Suarez to Barcelona in the summer of 2014. The Telegraph claims the figure to be around £60m ($83.8m), which means Liverpool can invest in strengthening the squad after the end of the ongoing campaign.

Klopp has already landed Joel Matip and the Schalke star will join Liverpool after his contract with the Bundesliga club runs down in the summer. Marko Grujic was signed in January from Red Star Belgrade and will spend the rest of the season on loan with his former club. Ayre has suggested the Reds have been backing their manager in the transfer market and the same will continue in the upcoming summer window, where the club will support their manager in completing signings.

"We are very fortunate in that everything we generate goes back into the team. There has never been a situation where we haven't backed the manager and there will be no difference with Jurgen as we move forward towards the summer," Ayre said, as quoted by the Mirror.

"We aim to generate profits certainly in this football club and under these owners to completely reinvest. Of course every time you make more profit you are going to invest more back.

"That was evident in these results as we made £60m and the money all went back into the squad which was invested in last summer. There is no extraction of any of that profit in any form.

"I think to fit the ambition of the club and the owners we think it is important to be financially in good health and yes we think this is a good set of numbers.

"The owners said in their note to fans about ticketing that that has been their process throughout. All they have done is put money in and not taken a penny out. That continues."