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While that might not entirely be the case, over the last three years, there's no denying the Reds' spending pales in comparison to their rivals...

Liverpool

2024/25 - $47.6M

2023/24 - $194.9M

2022/23 - $165.2M

Last summer was of course a quiet one for Liverpool as deals for Giorgi Mamardashvili and Federico Chiesa were the only ones to be agreed, with the former set to complete his move this summer.

The previous two campaigns though were much busier under Jurgen Klopp.

Dominik Szoboszlai ($79M) was the most expensive deal last season, arriving in a summer which also saw Alexis Mac Allister, Ryan Gravenberch and Wataru Endo signed.

As for the previous season, Darwin Nunez was by far the priciest addition, arriving in an initial $96M deal.

Fabio Carvalho and Calvin Ramsay also arrived that summer, while Cody Gakpo ($47.6M) would follow in January, while a $5.1M loan fee for Arthur Melo is also accounted for.

Arsenal

2024/25 - $123.4M

2023/24 - $266.4M

2022/23 - $211.3M

Arsenal has gone even bigger than Liverpool over the last three years, although Mikel Arteta has no trophies to show for his side's spending during that period.

Declan Rice ($132M) and Kai Havertz ($85M) were pricey acquisitions during the 23/24 campaign, a season which also saw the signing of Jurrien Timber from Ajax, while Raya's loan fee of $4M is also accounted for.

The previous season saw the costs spread more evenly across the Gunners' signings, with Gabriel Jesus, Fabio Vieira, Oleksandr Zinchenko, Leandro Trossard, Jakub Kiwior, Jorginho, Matt Turner and Marquinhos all arriving during the 22/23 campaign.

Manchester City

2024/25 - $275.4M

2023/24 - $294.2M

2022/23 - $175.7M

It'll come as no surprise that City has also gone bigger than Liverpool over the last three years.

Last season, Josko Gvardiol ($102M) was the most expensive signing, with Matheus Nunes, Jeremy Doku, Mateo Kovacic and Caludio Echeverri also adding to an expensive campaign.

Erling Haaland was the headline signing in the 22/23 season, although the initial deal to take him to the Etihad was actually cheaper than Nunez's transfer to Liverpool, coming out at $68M

Rasmus Hojlund, Mason Mount and Andre Onana were all bought for big bucks, with Altay Bayindir and free agent Jonny Evans also arriving, while Sofyan Amrabat and Sergio Reguilon were signed on loan.

The 22/23 season though saw some truly appalling business at Old Trafford
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