Kevin Phillips claimed nearly every Liverpool player “is worth £50million if not more” after CIES Football Observatory announced they had the most valuable squad in Europe. 

The former Sunderland and Southampton striker, speaking exclusively to Football Insider correspondent Dylan Childs, suggested if you look at individuals in Jurgen Klopp’s side there is no team better.

The research group concluded that the Premier League leaders’ squad is worth a staggering £1.28billion with Manchester City not far behind on £1.24billion.

The figures suggest the English heavyweights’ squads are more valuable than that of Barcelona (£1.07billion) and Real Madrid (£1billion).

When asked whether he agreed with the findings of the study, Phillips told Football Insider“They are the reigning European champions and have dominated the Premier League this season.

“When you analyse the team player for player and compare them against various clubs in Europe Liverpool have more variety across the squad. They have top quality players in every position. That is not anything against Manchester City but I would not argue with that.

“The majority of those players if they were sold tomorrow, every player is £50million plus if not more. Value for money certainly.”

The market value of the players is calculated using numerous factors: including age, performances, career progression and contract duration.

However, the Reds failed to defend their Champions League title this campaign, losing 4-2 on aggregate to Atletico Madrid.

All eyes will be on the Premier League this month as fears grow on Merseyside that the domestic season will be declared null and void due to the outbreak of coronavirus.

In other Liverpool news, Noel Whelan has told Football Insider club should be crowned Premier League champions amid PL suspension.