Get the Echo newsletter - it has never been more important to stay informed Sign me up now Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid Email

LIVERPOOL FC owner John W Henry has been fined $500,000 by Major League Baseball after making comments about the league's finances.

Henry, owner of the Boston Red Sox, made comments about the league's revenue-sharing scheme in an interview with The Boston Globe in 2009.

Henry said that seven "chronically uncompetitive teams"had received over $1 billion, adding "Who except these teams, can think this is a good idea?" he said.

Henry revealed details of his fine on American radio yesterday.