Before Michael Edwards and Jurgen Klopp were able to put the finishing touches on the Kloppulution, delivering a Champions League trophy and a Premier League title thanks to a bevy of crafty transfer dealings, the darlings of the transfer market were Txiki Begiristain and Ferran Soriano, the Barcelona boys who were handed the keys to the blue side of Manchester.
Everything Man City’s transfer group did was considered. Unlimited funds or not, they were strict and controlled. They didn’t splash out on late-career stars offering silly amounts of money a week as the early money-rich regimes did. Instead, they built methodically, plotting big-money transfer deals a year or two in advance, carefully curating a squad that balanced youth and experience.
And they distributed cash. There were lots and lots of £30 million, £40 Million, and £50 million deals, but cast your eyes through City’s transfer record and you will notice that the club with unlimited pockets has not shattered the world record transfer over and over again.
As the Qatari-backed Paris-Saint Germain jumped into the £100 million then £200 million transfer pool, City pulled back; they bet on volume, not one or two mega-deals. Part of that was due to FFP (though as we’ve seen, City see FFP as a fungible inconvenience rather than a tactile set of rules), part of that was due to smarts: The best way to spend impossible amounts of money is to spread it throughout the squad, to raise the floor of the squad, and to bet on £60 million players playing up to the standards of those £100 million-plus ones.
One other tactic has been to consistently generate funds. It’s not close to the one-dollar-in-one-dollar-out policy that FSG orchestrates at Liverpool, but to try and appease the TV aspect of Financial Fair Play, City are constantly churning out players with hefty sticker prices in order to reload their transfer kitty.
It’s not quite self-sustainable (the wages are massively disproportionate), but it’s not as far away as you might imagine.
One avenue they have used: Selling off loan players early to generate funds.
The premise is simple: In order to generate funds in January, you approach the club who has one of your players on loan and say, ‘want to buy them now?’
The majority of loan deals these days have a fixed or optional price baked into them at the end -- but not always, and those things are still up to the discretion of the selling club. A ‘hey, this is set to cost you £20 million in the summer of 2021 but we can do it now for £15 million’ is a savvy way of generating funds without impugning the current first-team set-up.
It’s an avenue Liverpool should look to explore if they’re in the market for a central defender, particularly if there are no takers in the market for Divock Origi.
Right now, Liverpool have Marko Grujic, Harry Wilson, Ben Woodburn, Loris Karius, Sheyi Ojo, and Taiwo Awoniyi all out on loan. None of them have a clear path to the first-team. All will almost certainly be back up for sale in the summer. If the club can shift them now to the loaning club at a reduced rate so that they can then bring in a centre-back, that’s an exchange worth making, even if it means bringing in less total money than the club could get next summer. You know what will offset that loss? Retaining the Premier League title and making it to the final four of the Champions League.
Some of those are non-starters. Karius isn’t getting any game-time at Union Berlin. It’s unlikely Woodburn would commit long-term to Blackpool. But the rest are all possibilities. None of Awoniyi, Ojo, Grujic, or Wilson have a viable path to the first-team. If they did, they would still be with the squad this season, regardless of the homegrown rules. If Klopp wanted to find a way to keep Grujic with the first-team, he would have done it.
(Harvey Elliott has been excluded from this conversation because his loan situation is clearly different)
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Could Liverpool sell of that four alone for a combined £25 million in early January sales? What about terminating the deal with Union for Karius early and finding a buyer to add to the pot? Possibly. Maybe. It’s much less than they were hoping for last summer or than they would likely project in the summer of 2021, but it would be enough to put towards the down payment on a new defender.
As January approaches, Michael Edwards will look to get creative. He could dangle Divock Origi or Xherdan Shaqiri in a swap deal. He could browse the short-term, loan market. But if Klopp is adamant on keeping Origi and Shaqiri around until the summer, or if Edwards feels the right offers aren’t there, the best way to re-enforce the current squad is to sell off its extraneous assets to generate some quick income. And selling those players already out on loan at a discounted January rate is the best way to do it.
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Liverpool should mimic a Man City tactic to raise transfer funds for January - Liverpool.com
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