Reddy: 'Financial implications of coronavirus' stopped Liverpool signing Werner
It's been a rough night for LFC fans, as it now appears an almost certainty that Timo Werner will be lining up at Stamford Bridge next season.
The news was a blow for fans, who felt that Werner was our one big move this summer, but the club were apparently reluctant to finance a move with the affects of Covid-19 on footballing finances.
In an article for the Independent shortly after the news was announced, Melissa Reddy stated: "Klopp has been a long-time admirer of the forward and had a conversation with him around early April, in which he expressed that the financial implications of coronavirus rendered it hard for the club to accede to any huge outlays."
Liverpool made a big profit last season, and have just signed a huge kit deal with Nike, but many fans fail to understand how big a club our size's operational costs are.
TV money, prize money and merchandising revenue are all well and good but wages make up a huge chunk of our outlay every season. And post Covid-19 most clubs - run properly - will be tightening their belts.
It'll only the likes of PSG, Chelsea, et al that will be able to splash the cash, and may actually take advantage of getting in ahead of their rivals. As Chelsea have proven this evening.