But I’ll posit the question: Even if the NESV provides relatively low investment (compared to the likes of Abramovich and Mansour), does financial prudency need to stifle a team’s success?
And I’ll provide an answer: No. From 2004-09, Chelsea, Manchester United, and the Hicks-Gillett Liverpool all saw net transfer losses ranging from £27-186m. Manchester City spent £115m in the summer alone and has received investment from Mansour upwards of £1bn. Tottenham come a close second in spending and an arguable equal to the other clubs in this list.
And I’ll back my answer with a (somewhat cliché) case study: What’s the one big-name club missing from the above list? Arsenal. During the same 2004-2009 period, Arsenal saw a net transfer profit of £27m. This is a club run by businessmen: They aren’t pirates scouring the high seas for clubs to abuse, and they’re far kinder to Arsenal than Didier Drogba; they’re movers and shakers with a vested interest in revenue and earnings—all of which starts with success. ‘Profiteering’ can’t be done without winning games and drawing in support from the fans, and the NESV know that.
Liverpool fans, ready yourselves and your expectations: This takeover won’t feature Roy Hodgson bathing in £20 notes (thank god—Hodgson bathing would be an unbearable sight). But it will mark a resurgence of reason.
Perhaps these Americans can restore their nation’s credibility within the world of football administration. But let’s make that a side note. For now, how about they restore both Anfield and the club’s winning mentality. It’s time to pick up the pieces and rebuild this shattered club.