Former Liverpool striker Michael Owen has claimed that the Reds may have to bring in more players in order to compete for the Premier League title in the coming season. Liverpool finished second in the table last campaign and came very close to winning the league title for the first time in more than 20 years. However, they fell at the final hurdle and allowed Manchester City to lift their second league title. Spurred on by the success, Liverpool have spent a lot of money in improving the squad over the summer.

Players like Adam Lallana and Ricki Lambert have arrived for big-money and they will be expected to perform straightaway after having played in the Premier League. So far, Liverpool have made four signings for close to £ 60 million. They have recovered this money through the sale of Luis Suarez to Barcelona. Liverpool are looking set to extend their summer spending beyond the £ 100 million mark based on the transfer rumours linking the club with several new players. Owen, who has played for both Liverpool and United, says that the difference between first and second is huge and Liverpool need to sustain their form even with the distracting midweek Champions League matches.

Owen has put Liverpool as one of the favourites to finish in the top four once again. “If Liverpool are going to progress again, they probably need to get better again. Manchester City won the league, Chelsea have strengthened in a big way. From second to first is a big leap so Liverpool are going to need to be better again and the top-line performers are going to need to play as well, if not better. One or two signings and it could be a good season for Liverpool,” said the former striker to Liverpool’s official site.