Liverpool spent £265m in the 2025 summer transfer window, excluding performance-related add-ons. However, the reigning Premier League champions are still being linked more closely than ever with a deal that could cost Alexander Isak £120 million.
The question is, in the PSR era (the regulations on profitability and sustainability of the Premier League), how can Liverpool spend so big?
The fact that they only signed Federico Chiesa - one of many players being offered for sale - last summer certainly helped. However, the key to Liverpool's current luxury is depreciation and the book value of sales far exceeding the fees payable for many seasons.
The sale of Trent Alexander-Arnold, Caoimhin Kelleher and Jarell Quansah for a total of £61.5 million, along with many other players who will leave, means The Kop can sign Isak. They could even add another player, as there are still links to Crystal Palace captain Marc Guehi.
How much money has Liverpool spent this summer?
The cost of the seven new contracts is £265 million, with around £30 million in add-ons to be factored in before considering different taxes and intermediaries.
Liverpool have paid the transfer fee so far:
- Hugo Ekitike (Eintracht Frankfurt): 69 million pounds
- Milos Kerkez (Bournemouth): 40 million pounds
- Florian Wirtz (Bayer Leverkusen): 100 million pounds
- Jeremie Frimpong (Bayer Leverkusen): 29.5 million pounds
- Giorgi Mamardashvili ( Valencia): 25 million pounds
- Armin Pecsi (Puskas Akademia): 1.5 million pounds
- Freddie Woodman (Preston): free transfer
How is the depreciation process?
The contracts can last up to 5 years. This rule has changed recently, at the same time Chelsea started signing 7- and 8-year contracts with players. This means that Wirtz's transfer fee could be included in the financial books for the next 5 years, at £20 million per contract year.
The same is true for other players - Kerkez for £8 million and Mamardashvili for £5 million. Liverpool's total transfer fee to date is estimated at around £53 million. If they sign Isak for £120 million, another £24 million will be added.
Estimated interest rate:
- Hugo Ekitike: £ 13.8 million
- Milos Kerkez: £8 million
- Florian Wirtz: £20 million
- Jeremie Frimpong: £5.9 million
- Giorgi Mamardashvili: 5 million pounds
- Armin Pecsi: 300,000 pounds
Off-field income
The numbers all show that Liverpool's most recent financial year revenue will surpass the £700 million mark thanks to the Premier League championship, Champions League achievements and television rights.
Anfield's expansion will boost revenue from matches and new commercial partners have been announced. And income will continue to increase as a new broadcasting copyright cycle begins next month.
