Liverpool are unlikely to sign any player in the upcoming transfer window due to the financial impact of the coronavirus crisis, MySportDab reports.
The pandemic has cost a lot of Premier League clubs to lose millions in revenue so far and now Liverpool are planning to stop spending in the summer transfer market.
According to The Daily Mirror, if the situation was better, Liverpool would have continued their attempts to sign RB Leipzig Striker Timo Werner.
But with Werner set to cost at least £50m, MySportDab understands Liverpool have decided to put transfers on hold and adjust their budgets, impact of the financial crisis.
RB Leipzig have demanded Liverpool pay at least £50m for their star striker and the German player is very keen to join the Premier League.
The 24-year-old even rejected Bayern Munich because of his wish to play for Jurgen Klopp at Liverpool.
Liverpool target Timo Werner has admitted he would rather move abroad than join Bayern Munich 🧐
“It’s just that the challenge of another league would appeal to me a little more than a move within the Bundesliga.”
— Goal (@goal) May 1, 2020
However, the Reds are calculating for the expected loss of revenue even if the 2019-20 Premier League season is completed.
Despite still receiving TV revenue if the remaining Premier League matches are played, all clubs in the league would lose out on MATCHDAY revenue, ticket sales because games will be played behind closed doors.
MySportDab understands that Liverpool have already started planning for next season and it’s likely fans won’t be allowed for Premier League matches until 2021.
Losing match-day revenue could see clubs forfeit at least £3million per game and over £100million if all matches for the next season are played without fans.
However, Liverpool trying to avoid a financial difficulty situation will start the 2020-21 season without new players unless there’s a new development with helps the club raise revenue.
Certain players who are out of contract will leave and also those Jurgen Klopp decides to sell.
Liverpool still have a very good financial record ahead of every other Premier League club.
The Reds were set to replace Manchester City and match rivals Manchester United with their gross revenue before the virus spread across the world.
More to follow….