Fans have feared that the club could be forced to sell star players like Fernando Torres and Steven Gerrard this summer, due to the Reds’ financial situation.
“We have no intention of selling any of our top players and we have a substantial transfer budget in place,” said Hicks.
“There’s so much misinformation about transfer spending. It’s more than doubled under the ownership of George and myself from the previous three years and we will make a significant investment this summer. It’s really about getting the right players.”
Hicks and George Gillett put the Reds up for sale last month.