In his autobiography, Carragher says that the American duo are yet to fulfill their earlier promises of building a news stadium and funding big transfers adding that they only bought Liverpool for profiting motives.

"For richer or poorer, we'd sold Liverpool to two ruthless businessmen who saw us as a money-making opportunity," Carragher writes in his autobiography.

"They wanted to buy us because the planned stadium offered a chance to generate tons of cash and increase the value of the club."

The former England international revealed his frustration at seeing the club lose the opportunity of enhancing the team with top quality players as a result of the owners' aspirations.

"Think how many world-class players that £200million could have brought. Instead if Gillett and Hicks did sell, they or their banks would make a huge profit."

"I felt ill thinking about it," writes Carragher.

Carragher also speaks about last season's transfer row between the owners and manager Rafael Benitez, blaming the Spaniard for the way he asked Hicks and Gillett to invest more in the club.

"Benitez's words sparked a chain reaction that brought problems into the open and almost cost him his job a couple of months later," noted Carragher.

"I understood why the owners were unhappy with him too. They'd been undermined by Rafa and now they were undermining him."