While City spend too much, what Liverpool will have to sign in the summer

The era of big signings is coming for the top clubs. With the financial injection from the Middle East, the market figures are getting stratospheric on the buying front and teams like Paris Saint-Germain and Manchester City are breaking the bank to lure big names like Erling Haaland and Kylian Mbappeé with stratospheric sums of money.

The playing field does not seem even. There are clubs that do not want to sell out to these entities and want to continue to run their teams in a modest way. But they are starting to lose ground in a big way. Arsenal has understood this situation by having Stan Kroenke, an American millionaire who has specialised in owning many teams in professional sports and leading them to become champions.

For the time being, money does not bring victories either. PSG have spent more than £1 billion over the last 10 years and have failed to win the UEFA Champions League. Chelsea made an investment of more than 600 million pounds last winter and Enzo Fernandez could only react until the middle of the season, so they are already looking for a new renewal under Mauricio Pochettino.

And then there is the case of Liverpool. Fenway Sports Group acquired the Reds a few years ago and set an example in sporting management by signing Jürgen Klopp in 2015. They have won their first ever Premier League title and were crowned UEFA Champions League winners once again, but the books don't seem to be adding up for investors, and they are increasingly moving away from the nouveau riche in football.

What will happen to Liverpool in the summer transfer window?

It looks like Liverpool's transfer budget for next year will plummet. After failing to qualify for the Champions League, the Reds will have a £150m deficit compared to Manchester City. That means they will have to lower their wage bill and sell some players. In addition, the Anfield ownership group is reportedly entertaining offers to buy the team that could be as much as £4 billion, less than what Sheikh Jassim has spent with Manchester United.