Liverpool
Liverpool summer transfer spending may not be over as £156m truth emerges
Liverpool are on the right side of the Premier League’s profit and sustainability regulations.
With the summer transfer window well and truly in full swing the eye-watering sums of money being paid in the Premier League to acquire new players shows no signs of abating.
Arsenal are set to make Declan Rice the most expensive English addition in the Premier League imminently, with the West Ham United midfielder expected to complete a £105m switch across London. Elsewhere there has been considerable outlay from the likes of Manchester United who spent £60m signing Mason Mount from Chelsea, and Newcastle United splashed out £55m to bring Italian midfielder Sandro Tonali to Tyneside.
The issue of remaining under the radar of the Premier League’s profit and sustainability rules is more profound at some clubs than others. The P&S rules allow clubs to lose £5m per year or £35m if backed up by secure funding (i.e. an irrevocable commitment from owners or an equity contribution, with owner loans not sufficient). It is monitored over a three-year period meaning that the total of £105m is permitted to be lost over those three years. Failure to abide by the rules can result in a range of sanctions placed upon the club, from fines to potential points deductions.
Due to the significant financial impact of the coronavirus pandemic, the Premier League allowed for the 2019/20 and 2020/21 periods to be combined and assessed as an average of the two.
Chelsea’s mammoth transfer spend over the first two transfer windows of the Todd Boehly/Clearlake Capital regime, where more than £600m was committed in transfer fees, means that there has had to be some serious trimming done this summer, with the likes of Mount, Ruben Loftus-Cheek, Mateo Kovacic, Edouard Mendy, Kalidou Koulibaly and Kai Havertz all heading out of the exit door at Stamford Bridge.
Some of those exits occurred in time to be accounted for ahead of the financial year end on June 30, while others won’t be seen until the 2023/24 accounting period. That means that there is likely to be some scrutiny over spend when it comes to the London side, although they will argue they are taking the appropriate steps and that some of the deals are amortised over a as much as nine years, a loophole now closed by UEFA.
For Liverpool it has been a significant summer spend already. Two midfielders have arrived in Alexis Mac Allister (£35m from Brighton & Hove Albion) and Dominik Szoboszlai (£60m from RB Leipzig) to take the committed spend to £95m already. It is possible that the spend will push close, if not go beyond, the £150m mark by the time the season starts.
For Liverpool the focus for a long time hasn’t been on whether or not they are able to avoid the scrutiny of P&S regulations but how much deals will impact the bottom line of a football club that has one of the strongest balance sheets in European football, one underpinned significantly by the financial approach that is taken in comparison to some of their rivals. But how much headroom do Liverpool have to spend without incurring any unwanted knocks on the door from the Premier League’s profit and sustainability watchdogs?
In terms of knowing the exact P&S position of Premier League clubs right now is near impossible to decipher given that the clubs are in new financial cycles for 2023/24 now and the accounts for 2022/23 won’t be made publicly available until late 2023, early 2024. However, to look at the 2021/22 accounts does give a fairly good indication of where the clubs were heading into this summer.
Figures presented by football finance expert Swiss Ramble show that over the three-year reporting period the Reds had made an operating loss of £75m. While on the face of it a significant figure, only Brentford, Burnley, Wolves and Tottenham Hotspur fared better, with Chelsea the worst performers with an operating loss of £552m.
For Chelsea, however, clawing back £269m in profit from players sales aided their recovery from that earlier bombshell figure, with Liverpool the sixth best performers with profit from players sales over the reporting period standing at £106m.
Next to be assessed was the net interest payable of Premier League clubs, the interest being paid on loans and refinancing of bonds. In that respect, where Spurs actually made a £5m operating profit over the three years, the net interest payable for the North London side stood at £106m, related to financing agreements for their stadium build. Manchester United were second on that list at £91m, that sum related to the leveraged buyout of the Old Trafford side by the Glazer family back in 2005. Liverpool’s place on that list was 11th at £10m.
Putting all the above together, as well as any profits made on the sale of property held, saw only four Premier League clubs turn a profit before tax over the three year reporting period. Brentford were the best performers at £45m, followed by Burnley at £40m, Wolves at £26m and Liverpool at £24m. The team that fared the worst are the team with the biggest P&S headaches in the Premier League at present, Everton, with the Toffees losing £287m. Of the so-called ‘big six’, three of them (Manchester United, Arsenal and Chelsea) were in the bottom five.
Despite heavy losses for some clubs, large elements of that do impact P&S regulations. The Premier League’s P&S rules allow for the deduction of investment in infrastructure, women’s football, youth development, community investment and depreciation of tangible fixed assets (physical assets such as stadiums). In the case of Spurs, their depreciation (£169m) was by far and away the largest in the Premier League due to the investment into the new stadium. Liverpool stood at £30m, around the midway point.
Liverpool’s allowable deductions for all of the above were £73m, the seventh highest in the Premier League but lowest out of all the so-called ‘big six’.
The analysis of Swiss Ramble showed that the three-year reporting period, with all factors considered, including the deduction of losses directly attributed to COVID, showed that nine clubs were profitable within the P&S regulations.
That gives an indication in terms of the headroom that clubs had heading into this new season, although some of the club’s looking at negative positions, such as Arsenal (£7m loss), will be buoyed by a return to the lucrative nature of Champions League football to positively alter their position moving forward, as well as any cost saving measures taken over the previous financial year just closed.
In Liverpool’s case, the Reds are profitable to the tune of £141m when it comes to P&S rules, the second highest in the Premier League behind only Spurs who stand at £231m, largely due to the amount that could be deductible from their position through the stadium investment being the main reason for negative financial impact.
In comparison to their other ‘big six’ rivals, Manchester United are in the black to the tune of £28m, Manchester City have lots of headroom at £109m, while Chelsea have work to do to turn around their position, the club making a £131m loss over the reporting period with regards to P&S rules. That is a position, however, that profit on player sales will aid significantly, especially given that Mount’s sale to United and Loftus-Cheek’s exit to AC Milan will be booked as pure profit due to them being academy products. In the case of the other sales, they only see the profit over and above the book value.
However, while allowed losses of up to £105m would be permitted for some clubs based on the most recent financial information available, with the likes of Everton and Chelsea among those to be afforded such wriggle room, that is due to the fact that the secure funding (irrevocable commitment from owners/equity funding).
In the case of Liverpool they would be afforded a £15m (£156m headroom when added and assessed within P&S rules) loss over that period, based on the financial information for the three-year period covered up to the financial year end in May 2022. That is because there has had to be no such commitment made by owners to prop up spending in such a manner, so it hasn’t been acted upon. That is similar for Manchester United and Arsenal (allowed £15m) and Manchester City (allowed £30m).
In conclusion, Liverpool have precious little to be concerned about when it comes to potentially breaching any P&S rules moving forward this summer, even if they do have to continue to spend heavily before the start of the new season. For some of their rivals, though, the number crunching will provide more of a headache.
Isaac’s Family Reacts to Concerns About Their Son, the Biggest Liverpool Fan
“I was worried about putting out the wrong message to other families that it’s all very positive when the reality is that we are dealing with another side behind closed doors,” Melissa said.”
The New York Times hosted Isaac’s family to find out how the family is faring, especially as it matters to their son, who is currently the fans favorite for the Liverpool family and the world at large.
According to Isaac’s dad, Alan:
“I’ve never felt more positive about things with him doing so well. We’re just so proud of him. He’s taken everything in his stride.
“Isaac spent his first ten (10) nights in intensive care at Liverpool Women’s Hospital. He was having seizures, and we were scared he wasn’t going to survive.
But God has been faithful since then; he hasn’t had seizures since then. He does not also complain about anything. He always gets on and continues his life.
Alan revealed that their son had to have open-heart surgery at Alder Hey during his fourth birthday. It was diagnosed that there were a couple of holes in his heart that weren’t small to overlook, and that called for the need to operate on him. It was a very scary decision for the family; the operation was done, and he bounced back so quickly. They still go to Alder Hey regularly for checkups.
According to Isaac’s family, “He watches that video of him meeting the players every day, sometimes all day. He will say, ‘Mum, look, here’s me on YouTube!’.
About what he does aside from watching himself online, they added: “If he’s not watching a Liverpool game, he’s playing as Liverpool on his computer or watching Liverpool YouTube videos.”
Alan Said:
“He loves what I love. Liverpool is his life and brings him so much joy.”
The family also announced that they are expecting a new baby soon. So Isaac will have a new sibling later this year. Whatever the future holds, they pray God will lead them right, and they will have to embrace it together as one family.
Isaac’s Family Reacts to Concerns.
The Isaac family further expressed concerns on the status of their son and how it matters to the family of four with one on the way.
“I get messages saying, ‘Do you know what Isaac’s life span is going to be?’. No, I don’t want to know. Don’t come at me with that negative energy. None of us know how long our lifespan is going to be.
All we have to do is keep a positive energy; Isaac will surely survive and tell his story as a full-grown adult. God is in control.
“I’ve never felt more positive about things with him doing so well. We’re just so proud of him. He’s taken everything in his stride.
‘People ask us, ‘Aren’t you worried it’s too much for him?’. But honestly, he’s just living his best life.”
Isaac has low muscle tone, so even to this day, he struggles to walk upstairs, and he can’t walk very far. Most times, he relies on his mom and his dad for most things. Melissa says she knows people don’t really see that side of Isaac, because he’s just so positive. Whenever he is at home in need of physical care or anything like that, he always relies on his parents for them.
Isaac finds it hard to pull his own socks off from his feet because he’s just that weak. He is struggling, and he will win one day.
He has delayed growth when compared to other children of his age, in her words.
Isaac was born with a rare genetic condition from childhood. Before Isaac was born, during the antenatal stage of Melissa’s pregnancy. It was discovered by the doctors that Isaac had a medical syndrome known as Wolf-Hirschhorn syndrome. Typically, people with this health disorder have difficulty in seeing; most of them cannot hear or talk, not to mention walking in the future after birth.
The little lad has undergone a series of operations to get better; he has had open-heart surgery. And in all of this, Isaac, the Liverpool fan, doesn’t let it get him down; he is good at bouncing back and playing what he loves best.
Before the visit, Isaac had been making use of plush toys of Mo Salah and Virgil van Dijk in school and everywhere around him. Salah and Van Dijk were the players who came to pay him a surprise visit at a class.
In all of these, Isaac is still the happy and positive hero. He is so funny and is full of life. You must have noticed that he is kind of cheeky; that’s not a filter; he’s just the cheekiest little boy you’ll ever meet.
“7-Year-Old Superstar Steals the Show at Porthmadog – You Won’t Believe His Story!”
Saturday was no ordinary day at Traeth Stadium as Porthmadog FC had the immense honor of welcoming their very special guest, Isaac Kearney.
In their invitation, Porthmadog FC referred to him as “the man himself,” and it’s easy to see why. At just seven years old, Isaac is already a well-known personality, capturing hearts across social media with his infectious love for football. He stole the show as Porthmadog faced Llangefni Town, bringing an energy that electrified the stadium.
A Rising Star with a Global Audience
Isaac has skyrocketed to online fame, amassing an incredible 1.8 million followers. His viral video, featuring an unforgettable moment with his Anfield idols Mohamed Salah and Virgil van Dijk, has been viewed an astonishing 120 million times worldwide. This young Liverpool superfan has become an internet sensation, inspiring fans far beyond Merseyside.
More Than Just a Football Fan
Isaac’s story is not just about football; it carries an inspiring message of resilience and positivity. He was born with Wolf-Hirschhorn Syndrome, a rare genetic disorder that affects growth and development. But instead of letting his condition define him, Isaac has become a beacon of hope, proving that nothing can hold back his love for life and the beautiful game.
Changing Perceptions and Inspiring Millions
Beyond his social media success, Isaac’s journey is making a real impact. His mother, Melissa, takes immense pride in how his growing online presence has helped raise awareness about Wolf-Hirschhorn Syndrome. His story is shifting perceptions, breaking barriers, and showing the world that every child, no matter their challenges, deserves to dream big.
A Day to Remember at Porthmadog FC
Isaac’s visit to Porthmadog FC was yet another milestone in his incredible journey. His enthusiasm lit up the stadium, and his presence left an unforgettable mark on players and fans alike. With his boundless energy and unstoppable spirit, Isaac Kearney continues to prove that no obstacle is too great to overcome.
As he left the pitch, one thing was clear—this young Liverpool fan is not just stealing the show; he’s winning hearts everywhere he goes.
‘The ball doesn’t want to go in’ – Nunez feels goal drought down to ‘bad luck’
Darwin Nunez has scored just once in his last 13 appearances in all competitions, and knows he must raise his performance levels.
Darwin Nunez conceded he has not been performing “as well as I should”, but has felt like “the ball doesn’t want to go in” during his recent goal drought.
Nunez is underperforming his 10.55 xG, while he boasts a modest 11.11% shot conversion rate.
The Uruguay international’s struggles continued as he saw a penalty saved in the shootout that saw the Reds exit the Champions League at the hands of Paris Saint-Germain.
The truth…
Despite leading the Premier League by 12 points, Arne Slot’s side were beaten by Newcastle United in last weekend’s EFL Cup final, while they suffered a shock FA Cup defeat against Championship side Plymouth Argyle.
https://twitter.com/i/status/1902114065524158733
Nunez knows he must raise his performance levels, but does believe much of his difficulties in front of goal have been purely down to bad fortune.
“It’s been a tough few weeks for me, personally,” he said. “These are moments that you go through in football.
“I’m not someone who throws in the towel because I can’t play; I’m going to fight to be able to play every game. I know I’m not performing as well as I should.
“It’s difficult because when you’re doing well or playing well, your confidence changes. But the next game, you find out you’re not playing, and that makes you feel down.
“But I always try to train to be well and help my team-mates in any way I can; that’s what matters. The ball doesn’t want to go in. I’m running a lot, playing well, and not being able to score a goal. It’s bad luck.”
Liverpool
‘Agreement is complete’ – Liverpool player has agreed all details on Anfield exit, now needs signing
Over the past year or so, multiple claims from Spain have stated Liverpool star Trent Alexander-Arnold is a target for Real Madrid.
The right-back’s contract expires in June and Los Blancos tried to sign him in January, but the Reds refused to sell for a bargain fee.
AS claim the Liverpool player, Real Sociedad’s Martín Zubimendi and AFC Bournemouth’s Dean Huijsen are the names that ‘stand out’ in Real Madrid’s list.
With regards to the England international’s move to Real Madrid, AS state ‘agreement between the parties is complete’.
The right-back has agreed all details of the agreement and only his signing is missing for it to be made official. The newspaper states he knows the duration of the contract and the salary he will receive from the Spanish giants. At this stage, his signing is ‘99% done’.
Real Madrid have done their part and it’s down to Alexander-Arnold to sign the contract, which he’s expected to do so.
Liverpool are aware of his desire to join the La Liga club but haven’t given up on renewing his contract.
The report claims the 26-year-old is unlikely to sign an extension at Anfield unless there’s a last-minute surprise. At this point in time, it’s not expected for him to change his stance about leaving Liverpool.
Tears for Trent: Young Liverpool Fan Isaac Reacts to Rumors of His Departure
Liverpool fans worldwide are struggling to come to terms with the possibility of Trent Alexander-Arnold leaving the club. But for one young fan, the news has been particularly devastating. Isaac, a passionate seven-year-old Liverpool supporter, was left heartbroken when his parents spoke to him about Trent’s potential departure. According to his mother, the news hit him so hard that he cried himself to sleep.
Trent has been a hero to many young Liverpool fans, embodying loyalty, passion, and skill. For Isaac, the right-back represents everything he loves about the club. The thought of watching a Liverpool team without Trent is almost unthinkable for the young Red. His emotional reaction mirrors the sentiments of countless fans who have taken to social media, urging the club to do everything possible to keep their vice-captain.
Tears for Trent have not been limited to Isaac alone. Across social platforms, the hashtag #StayForIsaac has started gaining traction, with fans pleading for Trent to reconsider any plans of leaving. The young defender, who grew up as a Liverpool fan himself, surely understands the deep connection supporters like Isaac have with him.
As contract talks and transfer speculations continue, Isaac’s heartbreak is a reminder of the emotional impact football has on its youngest supporters. For now, his only hope—and that of many Liverpool fans—is that Trent stays and continues to make history at Anfield.
Isaac’s Mum Speaks on How He Copes with His Disability at Home – A Heartfelt Truth That Will Inspire You
When asked on Instagram how Isaac feels about his disability, his mum’s response was both touching and inspiring. In a world where differences are often highlighted, Isaac’s perspective on life stands as a powerful reminder that confidence and self-worth are not defined by physical limitations.
Isaac’s Mum Speaks
According to his mum, Isaac has no awareness of his disability. He sees himself just like any other child, playing, laughing, and interacting with his friends without a second thought about what sets him apart. “He honestly doesn’t see himself any different to his friends. And I love that, he’s so full of confidence,” she shared.
However, at home, moments arise when Isaac realizes his physical limitations—especially when compared to his little sister. While he is full of self-belief, there are times he gets frustrated because he can’t do as much physically. But in those moments, his sister steps in with unconditional love and support, always ready to help him in any way she can.
Isaac’s story is not just about coping with a disability; it’s about a mindset that many can learn from. His unwavering confidence, the love and support he receives from his family, and his ability to focus on what he can do rather than what he can’t is a lesson in resilience. His mum’s words remind us that disability does not define a person—attitude does.
Liverpool
Arne Slot may be making same mistake Jurgen Klopp publicly admitted to regretting as Liverpool manager
Harvey Elliott came off the bench to record an assist in the Carabao Cup final and may now be pushing for a starting berth.
Jurgen Klopp will not look back on his time at Liverpool ruing too many mistakes. Given what he built during his nine years as Anfield boss, why would he? Klopp arrived in October 2015 with the Reds little more than Premier League mid-table fodder. By the time he left, the club were back dining among the European gentry. Seven major trophies were added to the trophy cabinet. They included a sixth Champions League and a first league title in 30 years.
Klopp’s final season at supremo, at one stage, was on the verge of arguably being his best. Granted, Liverpool were not in Europe’s elite club competition but after beating Chelsea in the Carabao Cup final to win the competition for a record 10th time, the word quadruple started to be uttered.
How quickly things unravelled, though. Liverpool were dumped out of the Europa League after a damaging home defeat by Atalanta in the quarter-finals, while they lost to bitter rivals Manchester United in the FA Cup. In addition, the Reds could not keep strides with Manchester City and Arsenal as the title race turned towards the home straight. A draw against United before losses against Crystal Palace and fierce foes Everton meant Klopp’s side could not keep apace and the German would win a solitary piece of silverware in his final campaign.
Klopp’s regret
Klopp was contemplating why Liverpool’s form towards the business end of the season jettisoned. There’s no doubt that a busy fixture list and a squad that was made up of a brand-new midfield – with Alexis Mac Allister, Dominik Szoboszlai, Wataru Endo and Ryan Gravenberch all signed in the summer – were factors.
But by Klopp’s admission, he did not utilise Harvey Elliott more in the latter stages. The former Anfield boss said before a 3-3 draw which was his penultimate match in the dugout: “If I regret one thing a little bit it’s that Harvey didn’t play often enough maybe. It was in a very important and intense period. January, [with] a lot of injuries, he played really good, he was probably our best player, right-wing, right midfield, all these kind of things. Everybody came back and he had minutes here and there and then he didn’t start anymore. [He] came on [and had] a big impact but it’s really nice that he could show.”
Finding a regular starting berth for Elliott was tough for Klopp. Mo Salah was always the undisputed first choice on the right flank while Dominik Szoboszlai and Alexis Mac Allister operated in the number-eight roles. As a result, Elliott was often used as an impact substitute. Still, after a goal and assist in a 4-2 win over Tottenham Hotspur, that was perhaps when Klopp realised the diminutive attacking midfielder should have been handed more chances.
After an assist in Liverpool’s Carabao Cup final defeat by Newcastle United last weekend, maybe Klopp’s successor Arne Slot will start to think the same. In truth, Elliott can have had few complaints about not playing too much in the Dutchman’s maiden campaign in the L4 hot seat. Liverpool are on track to be crowned Premier League champions as they sit 12 points clear with nine games remaining. In the top flight, Elliott has not featured from the outset once. Szoboszlai has chiefly been the No.10, with Curtis Jones also deployed in the role. That is despite Elliott believing it is where he thrives best.
It would be an almighty shock if Liverpool did not claim their 20th title given their advantage. But the past four games have made the finale more nervy than it perhaps should. The Reds were knocked out of the Champions League by the potential winners in Paris Saint-Germain. However, their performance in the first leg, despite earning a 1-0 smash-and-grab win, was well below par.
Recent impact
Their first-half display against a Southampton team that could genuinely go down as the worst in Premier League history was abject. Luckily, the calibre of opposition meant the game could be salvaged after the break. But the Newcastle loss was insipid. In truth, a 2-1 reverse flattered Slot’s men. They appeared fatigued mentally and physically and many agree it was not a short-term consequence of playing 120 minutes against PSG and losing on penalties.
Slot has been reluctant to rotate his team for much of the season. The Southampton game was a prime example as players such as Ryan Gravenberch and Ibrahima Konate started. Liverpool appear they may just get away with possibly the ex-Feyenoord’s only glaring mistake in his maiden campaign but they require a fillip after the international break.
Elliott underlined how much of a livewire he can be at Wembley. He made an impact and slipped in the clever through ball for Federico Chiesa’s equaliser. It was no surprise the England under-21 international made a difference.
Per Opta’s Matt Reid, in Elliott’s past 43 games, he ha started 16 times. In that period, he has scored seven goals and recorded assists – averaging a goal involvement every 97 minutes. In that period, he has scored against Tottenham, Manchester United Lille, PSV Eindhoven and PSG.
Elliott could scarcely bang on Slot’s door at the AXA Training Centre when Liverpool were on a rampant run of form. How could he make a case to feature ahead of Szoboszlai, Jones or Mac Allister? But now the Reds have lost two games in a row for the first time in Slot’s tenure, there is a genuine debate to be had.
That, of course, is it Elliott is fit enough to feature when Liverpool’s season recommences after the international break given he limped off the Wembley pitch following a heavy, unpunished challenge from Newcastle’s Joelinton.
If Elliott is available then he has every right to start clamouring to come into the starting XI against Everton in the Merseyside derby on April 2.
Liverpool
Liverpool fans are getting excited after hearing what world-class Netherlands international said to Ryan Gravenberch
An interaction between Ryan Gravenberch and his Netherlands teammate while on international duty has got people talking as Liverpool continue to be linked with the player.
Liverpool are preparing for an active summer transfer window, according to Sky reporter Florian Plettenberg, as Arne Slot looks to “reshape” his current squad with a number of departures and new signings.
Caoimhin Kelleher, Wataru Endo and Harvey Elliott are mentioned as potential departures alongside Federico Chiesa and Diogo Jota, while a host of talent have been tipped to join the Reds.
One of those players is highly-rated Bayer Leverkusen defender Jeremie Frimpong, the 24-year-old full-back who has established himself as a regular under Xabi Alonso at the BayArena.
In fact, the Reds are said to be in ‘regular contact’ with the £33 million-rated Netherlands international, according to German publication Sport Bild, after Slot spoke warmly of signing the player last summer.
Amid ongoing speculation around Frimpong’s future, a clip from the Netherlands camp ahead of their Nations League double-header against Spain has got people talking.
As you can see from the footage below, Frimpong delivered his best scouse accent as he welcomed Liverpool midfielder Ryan Gravenberch. He could be heard saying: ““You alright, la?”
Moments later, the full-back embraced Reds captain Virgil van Dijk.
Here’s how fans on social media reacted to the scenes.
One said: “Yeah he’s coming isn’t he,” while another commented: “Frimpong practicing his scouse accent for a summer move to Liverpool.”
A third wrote: “Either he’s signed for us or he’s absolutely taking the piss out of Liverpool,” and a fourth said: “If Trent leaves then we need to get him.”
A fifth added: “I can see the welcome video starting with this already.”
https://x.com/AnythingLFC_/status/1901942617086058920
Earlier this week, transfer expert Fabrizio Romano provided an update on Frimpong’s current situation as he continues to be linked with a summer move.
“Jeremie Frimpong remains one to watch in the summer, one more goal and assist performance on Sunday,” he wrote on X. “Dutch RB could leave Leverkusen in the summer with many clubs interested. The clause into his contract is worth fee around €40 million.”
As mentioned above, Frimpong is attracting interest from a number of clubs, including Manchester United, Real Madrid and Barcelona.
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An Unforgettable Night for a Young Liverpool Fan