Liverpool's net spend has frequently dipped towards zero

Actual and estimated net transfer spend, 2016-17 to 2025-26

Line chart of Liverpool's net transfer spend over the last decade, where the figure drops to zero or near zero every few years, generally after a big prior year spend.

(Please use a modern browser to see the interactive version of this visualization)

Note: 2024-25 and 2025-26 figures are estimates based on reported transfer fees, adjusted for agent fees and Premier League transfer levy. Does not include impact of Jeremy Jacquet signing.

Source: club financial statements, estimates from The Athletic