I don't know if you have read Shankly's autobiography but I have.
At the beginning of Chapter 7, he describes how he was struggling to get the board to stump up £3k (ea) for two (unnamed) players. He then hails "a man of vision", Eric Sawyer - director of Littlewood's Pools for arranging the investment that allowed (the then second division Liverpool) spend £30,000 each on Yeats and St John. He then mentions, in passing, the "surprise" and "negativity" this caused in the media of the day.
Now, firstly, I'm not surprised if you haven't read the great man's autobiography. There's no reason why you should. You're a football fan, not a history student. There's lots written every about your club and - let's face it, it's only the words of the guy who started it all. Hey, Liverpool FC did ban the book from the club shop for 25 years. So, y'know, let's not let the uncomfortable version of history spoil the narrative.
Secondly though, you're suggestion that Littlewood's bankrolling Liverpool's success is revisionist nonsense is, itself, utter bollocks. Either that or you know more about how the roots of modern-day Liverpool were financed than Bill Shankly did.