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Sunday, 8 July 2007, 10:24 GMT 11:24 UK

Parry questions top-flight loans

Liverpool chief executive Rick Parry believes Premier League clubs are wealthy enough to make the practice of loan deals unnecessary.

Parry, who held a similar position at the Premier League before joining the Reds, says the system is open to abuse.

He said: "At the Premier League we thought that, given the money there is, you didn't need loans - you should be able to stand on your own two feet.

"There is enough money around to make transfer deals permanent."

He added: "That stood over 10 years. It's only in the last two or three years that we have had the loan system in the Premier League.

606: DEBATE
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"It worked fine without it. There is a sense that it can be open to abuse but clearly it was the will of the clubs to allow the relaxation of it and clearly the majority are in favour."

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