Liverpool spending backed by title win and long-term plan, says CEO

BENGALURU: Liverpool’s big-money investment on transfers is the result of long-term planning, club CEO Billy Hogan said, adding that winning a record-equalling 20th English top-flight title convinced the club it was time to act like a modern powerhouse. Liverpool’s latest acquisition, French striker Hugo Ekitike from Eintracht Frankfurt in a deal worth £79 million ($106.84 million), including add-ons, has taken the club’s transfer expenditure this window to nearly £300 million. Outgoings, six players including Trent Alexander-Arnold, have so far generated around £64 million.

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