Why Liverpool Suddenly Have $300 Million to Spend

First came the news that Liverpool had landed Bayer Leverkusen right back Jeremie Frimpong (24) for $40 million as a replacement for the outgoing Trent Alexander-Arnold.

Next, it's widely reported that Liverpool have beaten the likes of Real Madrid, Man City and Bayern Munich to the signing of Florian Wirtz (22) the highly-rated attacking midfielder - and Frimpong's teammate at Leverkusen. He's likely to cost at least $150M, shattering the British transfer record

But the rumor mill hasn't stopped there. Liverpool are potentially lining up a $100M bid for Eintracht Frankfurt forward Hugo Ekitike and Bournemouth left back Milos Kerkez for at least another $50M.

Which begs the question: Where the heck did all this money come from all of a sudden?

Liverpool: Moneyball Masters

The answer might actual be more simple than it seems. Liverpool famously didn't make any significant new signings last season (and still won the league at a canter).

In fact the whole cash-rich situation they are in is down to their extraordinary and methodical recruitment team and the investments they have made over the years. 

With the odd exception (I'm looking at you, Darwin Nunez), they've barely put a foot wrong in the market.

Van Dijk - The $100M Bargain

Famously Liverpool paid about $100M for Virgil Van Dijk and $80M for Alisson Becker - both records for their respective positions at the time. But eye-popping as those numbers seem, they were absolute bargains in the long run. Both players have been pivotal for Liverpool's revival and restocking of their trophy cabinet.

What's more, they cost the club almost nothing in net terms, as the moves were funded by the sale of Philippe Coutinho to Barcelona for $150M. 

And that's the key thing. Over the last five years, Liverpool are EIGHTH in the net transfer spend of clubs in the Premier League, per transfermarkt.

Who has spent the most in the EPL?

transfermarkt

In the 2024/25 season, Liverpool even achieved a transfer surplus of $5M. While other clubs have been losing their minds (Chelsea, mainly) Liverpool have made highly successful, data-driven long term investments.

Meanwhile their youth academy graduates have saved them further millions (Trent, Curtis Jones and Connor Bradley) and they will likely offset some of their spending and rake in $100M+ from the sale of Caoimhin Kelleher, Darwin Nunez and others).

While clubs like Bournemouth and Brighton have achieved miracles in the market with their eye for cheaper young talent, it's Liverpool with their deeper pockets who have been able to do it at higher level and transfer that (pun intended) into Premier League Titles.

Whether Wirtz and co turn out to be a "bargain" remains to be seen, but given Liverpool's hit rate, you wouldn't bet against it.

It's a thought that should terrify every other Premier League team in advance of the 2025/26 season.