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Tomkins: Buying and selling smart

Discussion in 'Liverpool' started by luvgonzo, Jun 20, 2013.

  1. luvgonzo

    luvgonzo Pisshead

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    http://www.liverpoolfc.com/news/latest-news/tomkins-buying-and-selling-smart

    Football author Paul Tomkins examines why marquee signings aren't necessarily the way for teams to become great...


    If you ever worry about Liverpool signing a player who is not a household name, I have something for you to think about.

    Now, each and every one of you will have your own unique knowledge banks. If you're reading this overseas, in a small nation, you may know about your country's star man, whereas most of the world may not be aware of him. Obviously there are those of you who are clued up enough to know the names of all the players in all the leagues around Europe and beyond, but I'm talking about the average fan here.

    Most people will know only the regulars (and some squad members) in Premier League teams, plus those who play for major European clubs, as well as those who have featured at major international competitions like the World Cup. I think that seems a fair assumption.

    The kind of people who moan about never having heard of someone tend to be those who, well, haven't heard of many players. For the purposes of this experiment I created three categories for Liverpool's Premier League-era signings (the database I used was 1994-2011): the Household Names; You May Or May Not Have Heard of Them; and the Relative Unknowns. All of these titles refer to the players at the point they joined the club; obviously after then we knew more about them, although that wasn't really the case with Bernard Diomède.

    While this is not an exact science (you are welcome to try this yourself), I found that the group of players which has averaged the most Premier League starts happened to be...the Relative Unknowns. What's more, not only did they start, on average, 10 percent more games during their time at Liverpool than the Household Names, they cost less than half of that group to purchase.

    That's right: Liverpool got more games from these players, for less than half the price.

    The fact that Sami Hyypia, John Arne Riise, Lucas Leiva and Daniel Agger (to name four relative unknowns before they signed) were unfamiliar to a lot of Liverpool fans had little impact on their ability to become regulars in the Reds' XI.

    In today's money (using the Transfer Price Index inflation I helped pioneer), those four cost an average of less than £7.5m each.

    Now, of course, they have all become Household Names. But identifying talent before they become so well known is a key part to improving your side. That's what scouting and purchasing should be all about. It's easy to identify the biggest names, and, if you have billions in the bank, lure them to your club.

    You can make your money go further by being smarter. You don't have to sign only total unknowns from footballing backwaters, but equally, it's easy to be dazzled by someone's profile and achievements to date, to the point where you're buying their past (which is of no use to you) and not their future.

    An example of this can be seen with Chelsea's purchase of Fernando Torres, who is also a case study in the fear of losing your star player (and how it's rarely as bad as you expect it to be).

    Before going any further, I want to make it clear that I'm not someone who hates my favourite players or managers as soon as they leave, or think that they are "Judases" if they decide to move on. Players come, players go. I don't want them to succeed at Liverpool's expense, but I also don't hate them, and often quite enjoy seeing them do well.

    But when looking at Torres, who was nearly 27 when he was sold for £50m, it seems like Chelsea paid the fee for who he used to be; they paid for the player Liverpool had bought in 2007, not the one he was by 2011. Torres had a good season in Europe last season, and was an impact player the year before when picking up a couple more medals, but he has just 15 league goals from 82 games; down from 65 in 102 with Liverpool.

    It's dangerous to write any player off as finished, or definitely past their best when still in their 20s, but Chelsea bought a megastar for megabucks and possibly weren't thinking clearly.

    In the two and a half years since Torres moved south, Daniel Sturridge has scored 30 league goals in just 63 appearances; which is 15 more goals in 19 fewer games. Ironically, Chelsea chose to sell him to Liverpool.

    Sturridge cost Liverpool a quarter of what Chelsea paid for Torres, yet is younger, faster (in terms of the players now), and again based on current ability, far more prolific. Sturridge was also a Household Name, in that anyone with even a passing interest in the Premier League will have known of him, but unlike Torres, he wasn't a superstar. He was known, but not globally renowned.

    Go back to that fateful January of 2011, and you can trace the path to where Torres, at Chelsea, started to really struggle, and Sturridge, also on Chelsea's books, went out to Bolton on loan and scored eight times in 12 games. If you asked any Liverpool fan back then which one would score twice as many league goals (from far fewer games) as the other over the next 30 months, not many would pick the young man at the fringes of Chelsea's squad at the time.

    I believe that, on average, you get what you pay for; paying more for a player leads to a greater chance of success. However, as seen with Torres (and Andriy Shevchenko), a player's history can bedazzle, and obscure the reality. Unless you can afford to lose tens of millions on half a dozen players by buying established stars who are already at their peak, you have to approach things differently.

    The average age of the Household Names when purchased is 26; but compare that to the Relative Unknowns, at just 22. (As an aside, I wrote a piece in January where I noted that: "Bob Paisley, the legendary manager, bought 20 players who played league football for the Reds. Of those 20, eighteen were 24 or under. The other two were 25 and 26. The average age was just 22.")

    The players we know best tend to be at the peak of their careers, whereas the skill, as far as scouting is concerned, has to be to find them just as they're starting on a sharp upward curve.

    While Bob Paisley signed a few well-known British players like Kenny Dalglish and Graeme Souness, it was probably the cheaper, usually younger signings - the kind rivals weren't spotting and developing - that was the reason Liverpool went on to dominate England and Europe; players like Steve Nicol, Ian Rush, Bruce Grobbelaar, Alan Hansen, Phil Neal and Ronnie Whelan.

    These were all very obscure players when Paisley signed them. (Geoff Twentyman was clearly a great scout, and played a major role in the success of that era.) Indeed, if you compare the obscure bunch against the more well-known Paisley purchases you'd probably side with the relative unknowns. After Dalglish, Souness, Lawrenson and Alan Kennedy, you've run out of "legends", with Craig Johnston and David Johnson the next-best on the list.

    I therefore make it four Liverpool legends who were signed when well-known, but six who were hitherto unknown. And for the combined fees paid for Frank McGarvey, Craig Johnston and David Hodgson - all well-known top-division players in Scotland and England when signed - was £200,000 more than the entire outlay on the thirteen unknowns brought to the club between 1974 and 1983. (Excluding reserve goalkeepers.)

    Those unknowns went on to play 3,673 games for Liverpool.

    Three-thousand six-hundred and seventy-three! (I rarely use exclamation marks, but I had to triple-check the maths on that.) That's an average of 313 games per player.

    For over three times the outlay, the well-known players totalled 2,451 starts, or 272 per player. And remember, in Dalglish and Souness there were two shoo-ins for the Reds' best-ever XI, plus strong contenders in Lawrenson and McDermott. These were still, on the whole, great signings.

    I'm obviously not knocking Paisley breaking the transfer record for Dalglish. But the unknowns, as a group of signings, were astonishing. Also, it's worth remembering that the 13 'unknowns' also included Kevin Sheedy, whose brilliance only came to light when helping Everton to two league titles, plus Jim Beglin, who played 98 times for the Reds before serious injury at the age of 24 virtually ended his career.

    Go back further, to the second half of Bill Shankly's tenure, at which time the Reds had recently won two league titles, and you see Steve Heighway signed from Skelmersdale United, Jimmy Case costing loose change from South Liverpool, Ray Clemence plucked at 18 from lowly Scunthorpe United and that same club providing the Reds with Kevin Keegan four years later. Together they cost half of the fee paid for Tony Hateley; or half of the fee paid for Alun Evans; or half of the fee paid for Peter Cormack.

    All three of those big signings were made from top division clubs at the time. I'm not cherry-picking these: the only successful big-money signing Shankly made in his final seven years was Ray Kennedy just before he resigned, and even the former Arsenal striker took two years to settle into life at Anfield.

    These days, rather than obscure players being mined from the lower divisions or Scotland, they tend to be found overseas, but it's the same principle: find the stars of the future, not the past.

    Everyone will make mistakes in the transfer market - even Paisley and Shankly bought their share of duds - but it's about the overall impact for the money paid. Whatever the reason, in almost 50 years' of transfers, Liverpool have had more luck with relative unknowns than they have with those signings that, we thought, would be nailed-on successes.

    The best players of tomorrow may be unheard of today.
     
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  2. Red Hadron Collider

    Red Hadron Collider The Hammerhead

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  3. jenners04

    jenners04 I must not post porn!

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    well as long as we can replicate the success of the seventies and eighties some how and put mistakes like Carroll down to experience, hopefully on wards and upwards.

    i did know of Agger and Lucas before we brought them, but i didn't know who Hyypia was before we signed him, feel ashamed to say that but what a fecking buy he was, can you say there was a better defender in the prem era for the price paid?

    come home Sami <ok>
     
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  4. moreinjuredthanowen

    moreinjuredthanowen Mr Brightside

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    Buying really boils down to two things.

    1. buy a young player and they don't have a track record good or bad so its all judgement.

    2. buy a senior player say 23 or over and they do have a track record.... frankly it takes about 2 minutes to look at a track record and say hey this guy would have to make a huge step up to play at lfc or not. e.g. henry or eriksen = no brainer... but then there's others you look at like say williams or even assaidi and you just think nah... thats stupid... and 9/10 times the gut reaction is right.

    basically buying smart is simply common sense in my view. which is why when our managers make what i view as crazy signings they come back to haunt said manager.... rafa, voronin, degen, aquilani, keane... all oh god why moments, hodgson... poulsen kon-bloody-cheski... jones... then Kenny. My god what was that 35mil on carroll about!!! Adam and others. Buying smart should actually read buying with a common sense approach.

    Unknowns are greater risks but have great chance of reward and feeding into later sales positively too.

    Selling is one of two things.

    1. profit taking

    2. loss reduction

    In the case of torres it was a perfect time to sell, but induced only by the player himself.. we got lucky in other words. 50mil sweet! on the other hand again carroll, or adam or a plethora of names we could mention are buy triyng to make as much back to stave off the huge loss.

    Paisley said let players age on someone else's pitch. he was dead right.


    All in all tomkins is simply spinning a club line to say that we buy young guys we see profit in if they do move on. nothing new in that. In fact I think the one line here of value is "the skill, as far as scouting is concerned, has to be to find them just as they're starting on a sharp upward curve"

    DUH!!!

    tell us something we don't know.
     
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  5. Good read and makes sense. Its a view I have taken since we sold Torres <ok>
     
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  6. Tobes

    Tobes Warden
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    Firstly, Tomkins is one bad bell end.

    Secondly, you can't compare the transfer dealings from other era's & use them as a credible yardstick for success in current times.

    It's all well & good talking about finding the stars of tomorrow, which of course is what everyone aims to do, but you also need players who are proven & can produce in the present. Those proven players cost mega money, but if chosen carefully almost guarantee success e.g. RvP, Ronaldo etc.
     
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  7. luvgonzo

    luvgonzo Pisshead

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    I agree, (not about the bell end part) tomkins is right in that we need to find these low cost stars of tomorrow but we also need that top player now so it's actually getting that combination right that's key.
     
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  8. Zingy

    Zingy #ziggywould

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    Just waiting for MFG to come on and bang on about Borini, Allen and Assaidi.
     
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  9. Tobes

    Tobes Warden
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    Your problem is that in recent times you've spent 'Top quality' money, on average (or worse) players

    The £75m that you spunked on Carroll, Henderson & Downing, could have bought you (in theory) RvP, Modric & Dembele........the issue hasn't been your policy, nor your budget - merely just your decision making.
     
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  10. jenners04

    jenners04 I must not post porn!

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    experience def counts for lots as well, look at the impact Gary mac had and he wasn't that much.
     
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  11. Hindsight's wonderful isn't it...<whistle>

    Edit: Not saying that you are wrong. Apart from MFG, I think you would be hard pushed to find someone that would say those three were good purchases.
     
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  12. Tobes

    Tobes Warden
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    I didn't need hindsight to tell you that those 3 would amount to **** all mate. <ok>
     
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  13. I edited my comment <ok>
     
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  14. Jimmy Squarefoot

    Jimmy Squarefoot Well-Known Member

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    Don't forget - Carroll was worth £35m because he had a few good performances at the end of the season. And Downing (a seasoned professional with plenty of PL experience) needed a settling in period. <ok> #MFGLogic
     
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  15. Muppetfinder General

    Muppetfinder General Well-Known Member

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    You still don't get it, do you? The article is for muppets whio judge young players too quickly. If it'd been up to fans, we'd have sold Lucas after one season and Henderson would already be gone for some squad player from Swansea.

    Buying Carroll wasn't a mistake; how he was treated by FSG and Rodgers was.
     
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  16. Although I agree with this in part, surely you can't seriously believe that buying Carroll for £35,000,000 is good business?
     
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  17. Klopp's Mannschaft

    Klopp's Mannschaft Well-Known Member

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    I can't believe people still write Henderson off as a waste of money - particuarly people from other clubs - yet Phil ****ing Jones is the next Bobby Moore if you listen to the media <doh>

    Hendo had a brilliant season overall, far better than Jones who cost most money, yet no one bangs on about him.

    I agree with the article overall; we shouldn't be looking for the current big name player who could potentiall flop (although some do well, eg RVP) and instead, we shouldn't be afraid to cherry pick the more unknown talent from small clubs. Modern fans are very caught up in the Fifa mentality of buying world class players for billions, but there are many players just not discovered yet who could be equally as good. Who'd heard of Falcao until 3 seasons ago? Picked up for peanuts and now worth 50mill...

    Whilst we do need some top talent 'now' to take a step forward for CL spots, we don't need to blow the bank.
     
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  18. There is a bit in this BBC article about the England players affected by the fixture list:

    I found this amusing because they have listed every English Man Utd player yet omitted Kelly and Henderson who have both played for England recently <doh>
     
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  19. Klopp's Mannschaft

    Klopp's Mannschaft Well-Known Member

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    Careful there! Don't go suggesting that the media have a United love-in..
     
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  20. Wouldn't dream of it...<whistle>
     
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