Their accounts come out in a few weeks. I think we will see massive indications that these ideas of buying Mbappe are absolutely miles out. The fact they couldn’t buy Jamal Lewis in the summer (who Newcastle could afford) passed up on Werner, and sold Brewster Lovren Hoever to finance Thiago and Jota (apparently his transfer is on a bizarre payment plan as well, effectively 40 mill plus Hoever so way above his market value but the payments are all deferred as they couldn’t afford them) all shows that they are not flush with cash. If they were they’d have bought a centreback in even on loan, it’s a no brainier. They wouldn’t have been trying to furlough their staff either. That all screams of an organisation with cash flow problems. They probably budgeted for going further in the CL last year also.
FSG are venture capitalists. They invest in assets that will rise to make them money. As soon as an asset plateaus they’re not going to keep it. They got Liverpool on the cheap, pumped money into it to deliver success, and just as they were probably looking to sell it when it’s value was at its highest, Corona has absolutely screwed it for them. They have committed costs tied up in paying for the stadium, transfers, and mega wages whilst seeing their income absolutely slashed.
It wouldn’t surprise me at all to now see them try to clean the decks a bit. Get a big fee for some players (wouldn’t shock me to see them court PSG for Allison), get some high earners off the books, and task Klopp with a few seasons of getting top 4 with a sell to buy policy and using academy kids. Then look for a sale in a few seasons. Klopp won’t want that though. I think he threw his toys out the pram in the early season to get Thiago and Jota as both deals looked very unlike FSG, but I think he thought he could get another title or CL then he’d be off.
If he fails to get them in the top 4 the ramifications for them could be massive because unlike an Abramovich, Mansour, Moshiri, they don’t have owners who can just swallow those losses and keep funding transfer spending because of personal interest in the project. FSG will look at a cold hard investment v expected output spreadsheet and if the investment isn’t worth it they won’t be doing it and they’ll take their money to whatever asset is growing at the time.