By Dr Dan Plumley

21st Nov, 2022 | 11:17am

Expert: Liverpool hit by £89m blow after radical deal agreed

Liverpool will have their European income slashed by a radical new deal for football finance.

That is the view of finance expert and Sheffield Hallam University lecturer Doctor Dan Plumley, speaking exclusively to Football Insider about the new proposal.

The Telegraph reported earlier this month (8 November) that the new system will see an increase in solidarity payments to the pyramid.

The ‘Big Six’ clubs all voted against the idea because it will include European income but it was pushed through as the other 14 were in favour.

The Mirror reported earlier this year (29 May) that Liverpool earned £89.2million in prize money for reaching the Champions League final last season.

“This all goes back to European income,” Plumley told Football Insider correspondent Connor Whitley.

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“The other clubs want that rolled in as part of the deal so they change the distribution mechanism so the lower clubs get more money than they did before which I’m completely in agreement with after some of the research I’ve been involved in over the years.

“The sticking point for some of the bigger clubs is European income, they don’t want to give up any more of that.

“They see the income they’ve earnt from qualifying for the Champions League as something that should be ringfenced just for them. That’s the big sticking point.

“Put simply, and we’ve seen this throughout the years with the big six in English football, they don’t want to give up any more of their share of revenue than they have to.

“It’s always been slightly in their favour and the European income does that as well. They don’t want to give that up and that’s the big battling ground here.”

In other news, Liverpool have been backed to complete a striker signing after a Roberto Firmino reveal.