The challenge facing Liverpool to compete with Manchester City has been demonstrated after the latter became the first club in Premier League history to have a squad costing £1bn or more.
The Etihad outfit this morning published their financial accounts for the 2021/22, a season when they won their sixth Premier League title. Later in the day a report from The Athletic claimed that Fenway Sports Group, Liverpool's owners, have put the club up for sale.
Revenues of £613m, the second highest in Premier League history, the first-ever squad in the top flight to cost more than £1bn. and commercial revenues of £309m - a figure some £91m higher than that of Liverpool's in 2020/21 - made for what City chairman Khaldoon Al-Mubarak described in an accompanying statement as "the most successful financial year in the club's history". That was backed up the fact that they made a record profit of £41.7m.