At the end of last season many would have said that it would be implausible that by September, Liverpool would be on an even footing with champions Manchester United.
Yet, following Liverpool's courageous 1-0 victory over United at Anfield, it was made apparent that Liverpool's shrewd business has left them as arguable equals to their rivals.
The champions have lost Paul Scholes to retirement, and whilst several key players such as Robin van Persie and Nemanja Vidic begin to enter the twilight of their careers, Liverpool have had their faith in youth rewarded.
Promising players such as Daniel Sturridge and Simon Mignolet have firmly established themselves as two of the league's top performers. The signings of Sakho, Alberto and Llori all look exciting signings and add to the promise surrounding Anfield at the moment.
Old Trafford however, is not the stable ship it was under Sir Alex Ferguson.
Uncharacteristically, the Red Devils chose Deadline Day to pull off their main business of signing Marouane Fellaini at an inflated price. Fellaini was clearly not one of their primary targets to solve their deficiencies in midfield, and is an example of a Deadline Day 'panic buy'.
Even with Fellaini, the United squad does not look as if it is much better than Liverpool's. In brutal honesty it looks a shadow of the Chelsea squad who have bought cleverly, whilst the 'noisy neighbours' City have given them a lesson in how to conduct transfer business. It has certainly been a harrowing first window for David Moyes.
There has been a lot of attention towards the tables turning in the north London rivalry, but maybe this is the year when Manchester United are put under threat from Liverpool.
Neither are likely to win the title this year, with Chelsea's and City's squads looking far superior, but expect a tense battle for fourth and third between these two. A battle which Liverpool will be increasingly confident of winning.
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