Danny Murphy reacts to Liverpool's refusal to pay £53m for Alex Teixeira

Brazilian Flag

Dannt Murphy says Liverpool are paying the price for poor transfer market investments.

In the end Shakhtar Donetsk scared Liverpool off. The Ukrainian side declared a £53 million price tag for the Brazilian, and retained his services.

Liverpool made two offers for the striker, reported SkySports, but did not return with a third after learning of Shakhtar's asking price.

There were no alternative buys for Liverpool up front as a result, with manager Jurgen Klopp electing not to buy for the sake of it.

Former Reds striker Danny Murphy told The BBC that Liverpool's inability to get the deal done was a direct result of previous transfer market mistakes.

He said: "It's unfortunate for Liverpool that the Alex Teixeira move didn't work out, because he's a super talent. But Liverpool have created their own problems in that regard, because they've overspent on players in the past."

Liverpool still remember the £35 million spent on Andy Carroll back in 2011 under Kenny Dalglish, while more recently buys under Brendan Rodgers have failed to pan out, most notably Lazar Markovic at £25 million, and Christian Benteke at £32 million already looks lost.

There may be a more prudent reason for Liverpool not being so willing to splash out £53 million - that being because they simply believe he will be cheaper in the summer, when more options will be available, and decided not to be held to ransom.

Register for LIVERPOOL team updates

Register for HITC Sport - Daily Dispatch