Analysis: Financial report illustrates Liverpool's brilliance in the transfer market in the last decade

Report from CIES Football Observatory shows Liverpool's transfer spending in the last decade. The report compares the actual player value to the fee paid by the signing clubs. The clubs were rated by how much they under-spent or over-paid for players.

Liverpool have spent £56m over the odds on 33 transfers in the last decade. They are ninth in Premier League and 19th in Europe. Manchester City have just a €23m spending overspend. The likes of Manchester United, Chelsea, Arsenal and Everton have higher spending. Liverpool's owners FSG are more frugal with their money. Liverpool have secured their top performers for relatively low fees compared to their rivals.

Liverpool have made some great deals in the transfer market. Andy Robertson was signed from Hull City for £8M and is now worth £59M. Liverpool's front three cost a combined total of £87M for the services of Sadio Mane, Mohamed Salah and Roberto Firmino. Darwin Nunez cost the Reds £85M, which is out of character for them.