One of the reasons why former manager Kenny Dalglish and director of football Damien Comolli were sacked was the sense that Liverpool's transfer policy had been a complete and utter unmitigated £110 million plus disaster.
Assessing a transfer policy however, isn't easy. Not every player is going to be a success. There are huge risks involved in transfers. Sir Alex Ferguson's transfer policy at Manchester United included spending big money on Anderson, Owen Hargreaves and Dimitar Berbatov. It also included signing Cristiano Ronaldo,Rio Ferdinand and Robin van Persie. Due to the way the latter players turned out Man Utd's transfer policy was classed a success even though not every player made the grade.
With this in mind lets look at six players Comolli and Dalglish spent money on.
Firstly, Sebastion Coates. This was very much a signing for the future. The Uruguayan has played relatively few times. Plus he is injured for the season so it would be fair to say we don't know whether Coates is a success or failure yet.
Luis Enrique has been a perfectly functional left back for Liverpool. Certainly an upgrade on Paul Konchesky and he didn't cost Liverpool a ridiculous amount of money by modern day standards. Enrique's counts as a success.
Charlie Adam was a failure but not a massive one. Liverpool sold him on for a loss of only a few million.
Stewart Downing was a bigger failure. Liverpool made a reported loss of around £15 million. As was said though not every player is going to make it.
Andy Carroll was undoubtedly a flop at Liverpool but his failure doesn't make Dalglish's transfer policy a disaster. Although he is now injury prone there was no particular reason to think that this was the case when he was signed.
Furthermore, the transfer price of £50 million had a lot to do with the negotiations for selling Fernando Torres to Chelsea rather than any failure on Comolli and Dalglish's part. So criticising the signing of Carroll on a cost basis doesn't quite ring as true as you would initially think.
This leaves Luis Suarez and Jordan Henderson. This is where the transfer policy becomes a success.
After a rocky start Henderson has really grown into life at Anfield. His ability to make lung busting runs that stretch defences is a big part of the reason why Suarez has been able to find so much space this season. Costing £16 million Henderson was derided as a flop who Liverpool paid over the odds for because he was English. Now though, £16 million looks cheap if anything.
Last but by no means least there is Suarez. He signed for around £22 million, his time at Anfield has been, shall we say, incident filled. This season he has scored 19 goals in 12 appearances his last two putting Liverpool top of the table. Many of the 19 goals have also been goal of the season contenders.
Anyone signing Suarez now would probably have to break the world transfer record. The striker is a massive success for Comolli and Dalglish's transfer policy.
When everything is taken into account Comolli and Dalglish deserve some credit for the players they brought into Liverpool. Without Suarez in particular Liverpool wouldn't be where they are now.
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