Phillips 'cannot believe' £300m+ Liverpool transfer reveal
Kevin Phillips is “very surprised” to hear Liverpool have the second highest payroll in the Premier League.
Speaking exclusively to Football Insider, the 2000 European Golden Shoe winner expects the club’s mammoth wage bill is the “one of the reasons” why their was a lack of transfer activity at Anfield in the summer.
According to the Liverpool Echo, as reported by Anfield Watch (14th September), only Manchester City have a higher payroll (£351million) than Liverpool’s £325million in England.
The Merseyside club’s wage bill has increased a hefty 93 per cent since 2015 while revenue growth has increased by just 63 per cent.
Phillips expected Chelsea and Manchester United’s wage bills to be “far superior” to Liverpool’s.
“I’m very surprised that they have a bigger payroll,” he told Football Insider‘s Dylan Childs.
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“I’m struggling to process that, how? When you look at the Chelsea squad and the wages they must command, Man United as well, you would think they are far superior. I cannot believe it.
“That must be one of the reasons why they did not go and splash out in the summer. They were being sensible. The business side of it has probably taken over for once at a football club. They couldn’t afford to go out and spend.
“Klopp has a squad that will challenge this season if they keep everyone fit. They will be there or thereabouts this season, without a doubt.”