A busy summer of incomings and outgoings has seen Liverpool make a sizeable profit in the transfer market.
Jurgen Klopp saw 13 first-team players leave the club on permanent deals over the course of the summer, bringing in six new additions, along with January signing Marko Grujic.
Though the German sanctioned big-money signings of both Sadio Mane and Georginio Wijnaldum the Reds ended the off-season in the black, with their profit likely rising in the future.
The acquisitions of Mane (£30m, from Southampton), Wijnaldum (£25m, from Newcastle United), Grujic (£5.1m, from Red Star Belgrade), Loris Karius (£4.7m, from Mainz 05), Ragnar Klavan (£4.2m from Augsburg), Alex Manninger (free) and Joel Matip (free) amount to £69 million.
This depends on potential performance-based add-ons and clauses, which are likely to be achieved if Liverpool enjoy success under Klopp in the coming years.
But offset against the sales of seven players, along with compensation fees for three youngsters, the Reds made a significant gain.
If all add-ons and clauses are met, Christian Benteke (£32m, to Crystal Palace), Jordon Ibe (£15m, to Bournemouth), Joe Allen (£13m, to Stoke City), Luis Alberto (£6m, to Lazio), Brad Smith (£6m, to Bournemouth), Martin Skrtel (£5.5m, to Fenerbahce) and Sergi Canos (£4.5m, to Norwich City) will recoup a combined £82m.
Compensation made following moves for Jerome Sinclair (£4m, to Watford), Jordan Rossiter (£250,000, to Rangers) and Joao Carlos Teixeira (£250,000, to FC Porto) lift this to £86.5 million.
Therefore, overall, Liverpool could have made a profit of £17.5 million this summer.
Of course, the notion of the net spend is skewed significantly by variables not widely reported, such as a likely signing-on fee for Matip, discrepancy over whether the Mane deal included further add-ons, and a possible pay-off for Mario Balotelli.
But it does open the debate as to whether Klopp sufficiently bolstered his squad for 2016/17, with both left-back and defensive midfield noticeably short on September 1.
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