Anfield Watch
·27 July 2025
In partnership with
Yahoo sportsAnfield Watch
·27 July 2025
Liverpool have spent more this summer than in any other in their history. That's an objective fact.
But fans have been slating the club without considering the relevant context first, which matters.
LFC x New Era
LFC Signed Merch
LFC x Titleist
Of course, asking for some fair, balanced and rational discourse surrounding Liverpool's transfer business was always going to be a bit of a push, but the context is there for those that are interested.
The Reds had a net spend of -£17.8m last season and nothing has been spent in either of the last two January windows. Prior to Hugo Ekitike's signing our net spend since 2023-24 was £375m, less than six Premier League clubs. This season, the title winners decided to spend to solidify their position.
It general terms, Liverpool spend less than plenty of teams. That's the state of affairs, whether people like to admit it or not, it's the truth. Five minutes of research can point that out to anyone.
But it's also true that the Reds have spent more than anyone this summer (so far), with £295.5m the future that seems to be floating around right now. It's an extraordinary financial outlay to be honest.
However, we are in times of financial strife across the world right now, with the United Kingdom's inflation rate very high - illustrated by how difficult it is to get value for money at a supermarket.
Football transfers are impacted as well. The market in the Premier League appears to be inflated a little anyway, following the success of mid-table teams last season and the considered importance of having experience of playing in this country, although that appears to be something else entirely.
But what would the spending of clubs in the Premier League era look like when adjusted for inflation?
Fortunately for us, Kieran Maguire has looked into it and if you look at his figures, you will find Liverpool's 2024/25 spending is currently considered 48th record spend since 1993/94.
The £295.5m is actually £268.7m when adjusted for inflation and all of a sudden it feels like a far more reasonable amount of money. That would be because it has been properly contextualised.
In reality, Liverpool's record spend for a season would be the 2010/11 season, valued at £398.6m.
Of course, these are likely to be estimates and should not be considered reliable figures, but it certainly is fascinating to know how significant a difference inflation might have on transfer spending.
Furthermore, it only adds to the point that context matters with everything and Liverpool would not be spending money that they cannot afford. This summer has been prescribed for a few years now.
Live
Live
Live