By Danny Mills

24th Sep, 2021 | 9:00pm

Mills verdict on Liverpool 'splashing the cash' after £325m reveal

Liverpool will not just “splash the cash” to placate the fan base, according to Danny Mills.

Speaking exclusively to Football Insider, the ex-Man City and England defender backed the club’s summer policy of renewing the contracts of key players.

The Liverpool Echo, as relayed by Anfield Watch (September 14), report Liverpool’s £325million wage bill is only beaten by Man City (£351million) in the Premier League.

The Reds have spent the summer securing key players like Virgil van Dijk, Jordan Henderson, Trent Alexander-Arnold, Andy Robertson, Alisson and Fabinho to new long-term contracts.

Ibrahima Konate was the only major addition to the squad – he joined in a deal worth £49million in fees and wages.

“You have to do a bit of both [transfers and new contracts],” Mills told Football Insider correspondent Connor Whitley.

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“It’s probably cheaper to put your wage bill than it is to suddenly decide that you’re going to buy new players. That undoubtedly puts the wage bill up because you’ve got new players on more money and everybody else wants bigger wages. You’ve also got massive transfer fees.

“Liverpool are well run, simple as that. We’ve seen from the past they’re not going to splash the cash and thrown money about here, there and everywhere just because they can or the money is there.

“That’s not what they’re going to do, that’s not what the owners are about.

“They’re going to have to be sensible, the fans, with their expectations. They’ve done incredibly well up to this point with what they’ve done and achieved.

“They have to stick with the recruitment policy they have and just roll with it for a little bit. It’s not bad, it’s not broken.

“Fans always want more and to be better but it’s not always possible.”

In other news, Liverpool have been tipped to sign a Premier League 25-year-old after he breaks his silence over a “dream” transfer.