Keith Wyness responds to shocking Liverpool news – ‘big loss’

Keith Wyness, former chief of Everton, has stated that Liverpool is poised to announce a “big loss” financially, but they are expected to recover quickly this season.

In a recent appearance on Football Insider’s Inside Track podcast, Wyness, who was the CEO at Goodison Park from 2004 to 2009 and now runs a consultancy for elite football clubs, suggested that this financial setback could explain Liverpool’s lack of transfer activity.

As reported by the Liverpool Echo on January 7, the Reds are expected to reveal a “heavy loss” when they release their financial report for the 2023-24 season at the end of February. However, it is anticipated that the loss will be “tens of millions” lower than the £100 million figure that has been mentioned in other reports.

Liverpool had to contend without Champions League football last season, and this has had a financial impact despite their success in winning the League Cup. Under Premier League Profit and Sustainability Rules (PSR), clubs can only lose £105 million over a three-season period.

Wyness shared his insights on the podcast: “I’ve seen the numbers reported, and it will be a big loss. It does explain, to a degree, why they’ve been so patient with the three players out of contract. If any one of those three players left, it would be a big expense to find a replacement. It may well be that they’ve been holding on and trying to get those contracts resolved.”

He added, “These losses are also the reason they haven’t had any bumper spending on transfers in recent years. It does look like they will have a bumper year in 24/25. There’s the Champions League, FA Cup, Premier League – it could be a bumper season. That sort of loss could be erased this season. It will be a big loss, but the squad is performing. What more can you ask?”

More news….

Omar Marmoush comments released as ‘Liverpool target confirms transfer agreement’

In a live update on the potential transfer saga of Omar Marmoush, it appears that the Egyptian forward could be heading to Manchester City this month, although Eintracht Frankfurt has yet to receive an official offer for the player, who is having a stellar season.

Speaking to the press, Frankfurt’s sporting director Markus Krosche confirmed, “There is still no inquiry, no email, no offer. Our intention is to keep the squad together.” This comes amid growing speculation linking Marmoush to top Premier League clubs, with reports from Sky Sports suggesting the 25-year-old has agreed a deal in principle to join Manchester City.

Marmoush has been in sensational form this season, with 18 goals and 12 assists in 24 appearances across all competitions for Frankfurt, making him one of Europe’s standout performers. Only Mohamed Salah has more goal contributions than Marmoush in the top five leagues. The forward, who plays alongside Salah for the Egypt national team, looks more likely to move to Manchester City than Liverpool at this stage.

Negotiations between City and Frankfurt are reportedly set to begin soon, as Marmoush has reportedly agreed to be part of Pep Guardiola’s squad. Frankfurt is believed to value the player at around $82 million, but Manchester City is expected to push for a deal closer to $52 million to $62 million. Frankfurt is likely to reject any offers significantly below their asking price.

City, who are currently without a recognized backup for Erling Haaland after selling Julian Alvarez to Atletico Madrid last summer, are looking to bolster their attacking options. While Haaland has scored 21 goals in 27 appearances this season, Phil Foden is the next highest scorer for City with just five goals, two of which have come in the Premier League. The addition of Marmoush could provide a valuable alternative, offering more versatility, agility, and a different playing style compared to Haaland—similar to the profile of Alvarez.