Former Liverpool midfielder Gary McAllister has suggested that the club would need to spend £200 million to be title contenders.
That is quite a substantial amount, ten times as much as Liverpool have realistically to spend this summer, which suggests it could be some time before they are genuine title contenders.
Every single Liverpool fan would prefer to see the side competing against the big Manchester and London clubs for the league title, as opposed to scrapping away against Everton just to secure European football.
For them to be able to do that, McAllister is perfectly right in his suggestion that it will take massive investment in superstar players as well as spending more on the infrastructure of the club to produce a championship winning team.
“For Liverpool to be really competing where they want to be competing – that means winning the league – they're a couple of hundred million quid away – if the owners can't come up with those funds, it's going to be gradual,” he told Goal.com.
Their current financial situation is intriguing because the owners have branded a realistic and sensible logic of thinking around the club, for which they do deserve a lot of praise.
Liverpool could easily go out and spend the sort of money that McAllister has talked about but it would be hugely counter productive in a number of ways because they would be spending money they don’t physically have.
John Henry is a major multi-million dollar businessman so he could generate the sort of cash, most likely through borrowing that would allow Liverpool to bridge the sort of shortcoming that McAllister implies.
However, in the long run of financial cost controls all over European football, it would harm Liverpool in a big way and the fans would prefer to see the side get back to the top the honest way as opposed to the quick way.
Even if Liverpool spent £200 million to get to a title challenging position, they then need to stay there which is impossible if the club doesn’t have a sustainable financial model.
Manchester City and Chelsea have wealthy owners while Manchester United have the biggest commercial brand in football to fall back on.
Brendan Rodgers has already developed a very talented side and worked out a method which allows him to invest the funds he does have well and also bring through the youngsters at the club.
He recently spoke of the Borussia Dortmund model from Germany, which he is trying to base Liverpool around. It’s an investment of time more than anything else but if Liverpool progress similarly to the way they have done throughout the season, they are going to easily consolidate as a top four side in the next few years.
How much do you think Liverpool would need to spend?
image: © Bernard C