http://www.telegraph.co.uk/sport/fo...Kenny-Dalglish-defends-Liverpools-season.html "Financially, the figures that are bandied about, to me, don’t match up with the balance sheet that came out a couple of weeks ago. It said in July 2011 that there was a £40 million deficit in transfers but since then we have sold £17 million worth of players. To me that brings it down to £23  million"
Its true he raised most of the transfer funds through sales, but its hard to argue he didn't then invest that money poorly. Also 23 million isn't nothing. I accept Kenny's had one extra january , but the average seasonal spend all clubs bar City and Chelsea is a few million less than that (as shown in my link) Also how much did Everton spend?
Downing was the big **** up to be honest - without that deal we would have pretty much drawn level. Hopefully a few sales over the summer and we can learn from last year and improve our transfer dealings. I was merely pointing out that a lot of ignorant/thick people assume we actually had a net spend of 100+mil. Not sure on Everton's figures. They did well finishing above us this season - but realistically do you honestly think they'll manage it again next season? I very much doubt it. Compared to the state of our club a little while ago - we certainly have the right infrastructure now to improve dramatically. Our owners are hardly amateurs at turning sports clubs into success stories.
Not sure if they will, but if they can sign Piennar back this summer they'll be a much better team with him and Jelavic. Imagine if they brought back Donavon over the summer (won't happen). They'd have a pretty good team and would have a pretty decent shot at Europe.
That's just Dalglish not understanding the nature of football finance. The "£40 million deficit" in the annual reports is the amortisation charge on the contracts, not the actual spending. Over the last season your bought £56 million of players and sold £21 million so the actual net spend in capital terms is £35 million. Not the £100 million bandied around, but a damn sight higher than Arsenal, Newcastle, Spurs and Everton, and only a few million behind us.
