Phil Thompson: Transfer policy is the main reason for Liverpool’s failures

Liverpool had spent a whooping £200m ($284m) on transfers in the last two seasons but the club has hardly lived up to their expectations in the English Premier League. Former Red’s legend Phil Thompson believes that the flawed transfer policy at the club is the main reason for their lack of progress.

Liverpool have signed 19 players over the last two seasons aided by the heavy investment from the board, but failed to qualify for Champions League last season. They are expected to finish below the top four this season as they are found struggling in their recent matches and are currently seventh in the league table.

“We spent a huge amount of money in the summer but buying so many players didn’t help us, it hindered us. I’d rather use the whole transfer budget on three top quality players. We need to add some star quality to this squad,” Thompson gave his opinion on the mater while talking to the English publication Mirror.

He also believes that Liverpool should have gone for Charlie Austin who moved to Southampton early this January. As the Reds do not have an out-an-out striker in the ranks expect Benteke, Austin would have been a valuable addition considering his pedigree and low price tag.

The recent revelation of Brendan Rodgers on the details that led to the transfer of Mario Balotelli in 2014 for a transfer fee of £16m from AC Milan is a clear evidence of how Liverpool board consistently failed in transfer business in recent seasons.

Thompson, the three time European cup winner with Liverpool also clarifies why they have lost out on high profile signings in recent seasons. According to him, Liverpool do not have a salary structure to attract players like Alexis Sanchez or Diego Costa, both where linked with Liverpool before moving to Premier League rivals Arsenal and Chelsea respectively.

“We’re lacking in the salary stakes. It’s becoming more difficult to tempt players to Liverpool. They all want to go to London, even Manchester clubs are having problems. We have to start paying top money again. Our high earns have gone. Gerrard was on at least £150,000 and Suarez was on over £100,000 and both are now gone.”

“Our top earner is now Sturridge. We may not have Champions League football again this season, we need to offer stuff to make people come here.”

Liverpool will continue their fight to move up the table as they face league leaders Leicester City at the King Power Stadium on Tuesday night, 2nd February 2016.