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Liverpool poised to make £32m announcement which may explain lack of signings so far
Even by the standards of what has been a whisper-quiet summer transfer window so far, Liverpool’s activity has been particularly subdued.
At the time of writing they remain the only Premier League club to have made no signings – but why?
Arne Slot will be conscious of upsetting the balance of the squad he inherited from Jurgen Klopp, yes.
However, the frustration-cum-bewilderment that has set in among supporters is hardly ideal preparation ahead of Liverpool’s 2024-25 curtain raiser against Ipswich Town on Saturday.
With Joel Matip and Thiago Alcantara leaving the club, the club should have some wriggle room in the wage budget.
Liverpool’s sale Fabio Carvalho to Brentford for around £22.5m meanwhile will have given them more flexibility to spend.
Granted, Martin Zubimendi came close to becoming Liverpool’s first signing of the window, but the Real Sociedad midfielder ultimately got cold feet.
But even after the Spaniard’s U-turn, the Liverpool transfer ecosystem is hardly abuzz with blockbuster rumours.
Now, the latest analysis from one finance expert might – in theory – explain why.
- READ MORE LIVERPOOL NEWS: Gary Lineker hopes he’s wrong after predicting where Liverpool will finish in the Premier League this season
Liverpool to make £32m finance announcement?
Fenway Sports Group, owners of Liverpool since 2014, have never made a secret of their desire for Liverpool to stand on their own two feet.
The Boston-based investment group fronted by John Henry has successfully raised the enterprise value of the club 10x partly by demonstrating that the club can grow and remain profitable.
Over the last decade, Liverpool have averaged an annual profit of £10m while most of their peers have sustained heavy losses – and the lean pandemic years are included included in that statistic.
But Greg Cordell, a former credit executive at J.P. Morgan and author of the excellent Vanity, Sanity, and Reality football finance newsletter, has projected that Liverpool’s 2023-24 accounts will present a loss.
In the first of a three-part , Cordell projected that Liverpool’s deficit will be just shy of £32m for the financial year.
Liverpool may yet spend big in the transfer market, but their projected modest loss for last season may explain why they have not been as trigger happy as some of their peers.
Do Liverpool have PSR issues?
In a word, no.
According to projections by the world renowned football finance writer Swiss Ramble, only Brighton and Man City had more PSR headroom in 2023-24 than Liverpool.
If they do not spend cash on new signings this summer, it will not be because they are handcuffed by Premier League or UEFA spending regulations.
Even under the new squad cost control ratio that the Premier League is shadow-trialling this season with a view to implementing in 2024-25, they are safe as houses.