Liverpool’s wage bill for the 2023/24 season was behind only Man City in terms of the Premier League and fifth among clubs across Europe’s top leagues.

While Liverpool have a reputation as reluctant spenders, it is fair to say owners Fenway Sports Group are willing to sanction big-money deals for the right personnel.

That is, more often than not, a successful tactic, with only Darwin Nunez (£85m) and Naby Keita (£53 million) standing out as relative failures among the Reds’ 10 most expensive signings.

Along with that comes big salaries, with UEFA’s latest European Club Finance and Investment Landscape study reporting the club’s wage bill for 2023/24 as £377.64 million.

That is the fifth-most across Europe, behind only Paris Saint-Germain (£553.4m), Man City (£465.9m), Real Madrid (£424.7m) and Barcelona (£399.9m).

Liverpool have replaced Chelsea in the top five from last season, rising one place from sixth in 2022/23, with a five percent increase on wages paid.

This includes performance-based bonuses and likely the payouts to Jurgen Klopp and his backroom staff upon their departures at the end of the season – reported last week as a combined £9.6 million.

The Reds’ wage bill amounts to 63 percent of their overall revenue, which is the fifth-highest among Europe’s top 10 for wages.