Liverpool are expected to strengthen their squad again in the summer transfer window after a disappointing 2025/26.
Plenty of names are being linked with the Reds, including the likes of Yan Diomande of RB Leipzig.
However, Arne Slot has suggested that Liverpool must sell players to fund new arrivals, and Gary Neville doesn’t know who could actually be moved on in the upcoming window.
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Gary Neville questions Liverpool’s sellable assets
Liverpool are losing Mohamed Salah and Andy Robertson on free transfers in the summer.
That means at least two signings need to be made before the club even considers strengthening elsewhere, which they need to do.
But if Slot’s comments about selling to buy are true, Neville is unsure which current stars could actually be sold.
Speaking on Stick to Football this week, he said: “Arne Slot, there’s a quote after the game, which I watched his interview this morning. And you talk about, the club has sold eight or ten players to make money to sign five, or sold very talented players, but we have to sell to buy.
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“And we’re now losing some players on a free transfer. I just thought last night, I don’t know if I’m reading too much into it, and whether it’s out of context, but it’s the idea that in the summer they’ll have to sell to buy. I’m thinking, who could you sell?”
What may not help Liverpool in the market this summer is a lack of Champions League prize money in 2026/27.
At present, they are on course to clinch the fifth and final place, but with a tricky end to the season coming up, there are no guarantees they will be in Europe’s top-tier competition next term.
Rousing The Kop have previously spoken to finance expert Adam Williams about Liverpool’s transfer budget without Champions League football.
Explaining the financial position of the club, he said: “Let’s say their transfer debt is now £300m, of which £150m is due next season. On top of that, they have a wage bill of £400m-plus, plus operating expenses of maybe £175m. That’s £725m in free cash that you need for the season, before you make any new signings.
“As an absolute minimum, they’d be looking at £60m in prize money from the Champions League. In a good year, they’re looking at £100m-plus. On top of that, maybe £20-30m in matchday income. They aren’t going to make £725m in revenue in a non-Champions League year, in my view. But then they have incoming transfer instalments, which are going to be pretty healthy too. With those factored in, they can afford to cover their expenses without taking on more debt or asking the owners for money.
“So, yes, no Champions League football is going to have an impact, but it’s not going to mean you can’t still do a decent amount of business, depending on how you structure your transfer dealings. If you get into the Europa League, you get a half-decent amount of prize money, plus matchday income, so I think they could still spend pretty significantly if they achieved that.”
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