Liverpool spending justified by title: CEO
Liverpool's latest acquisition, French striker Hugo Ekitike from Eintracht Frankfurt in a deal worth 79 million pounds ($106.84 million), including add-ons, has taken the club's transfer expenditure this window to nearly 300 million pounds.
Outgoings, six players including Trent Alexander-Arnold, have so far generated around 64 million pounds.
The outlay marks a sharp departure from Liverpool's traditionally measured approach in the market. However, Hogan insists the club has not deviated from the club's policy of financial sustainability.
'It doesn't just happen; it's been years in the making,' Hogan told The Athletic in an interview. 'One of the things we're constantly focused on is that 'virtuous circle'. Trying to run the club in the right way to ensure that we can generate as much revenue as we possibly can. That obviously helps in terms of being able to put more back into the team.
'The difficulty is if you just look at one individual summer. That probably skews the data. There were a lot of comments made last summer that we didn't spend enough...'
Hogan explained the approach reflects the ambitions of American-led Fenway Sports Group (FSG), who are seeking to build on last season's Premier League title under manager Arne Slot.
'We also recognise, having won the English league title for the 20th time, that this is one of the biggest clubs in the world. We want to make sure that we are behaving like one,' he added.
'Having massive global stars come and play at Anfield, filling out stadiums in Hong Kong and Japan, those are things we expect and want to do.'
Liverpool face AC Milan in Kowloon, Hong Kong on Saturday, before taking on Yokohama FM in the J League World Challenge in Yokohama on Wednesday. They begin their Premier League title defence at home against Bournemouth on August 15. — Reuters
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Observer
37 minutes ago
- Observer
US passenger Plane dives to avoid a collision
A Southwest Airlines flight plunged mid-air on Friday to avoid colliding with another aircraft while en route to Las Vegas, injuring two flight attendants, as passengers described flying out of their seats. Minutes after taking off from Burbank, California, the flight dropped by hundreds of feet (several dozen meters) according to flight tracking websites. American stand-up comedian Jimmy Dore said in an X post that he and "plenty of people flew out of their seats & bumped heads on the ceiling" as the flight "aggressively" dove midair. The pilot of Southwest Flight 1496 informed passengers that the maneuver was necessary to avoid a collision with another plane. The US Federal Aviation Administration (FAA) said it was "investigating the incident."Southwestern Airlines said its crew "responded to two onboard traffic alerts Friday afternoon... requiring them to climb and descend to comply with the alerts." "The flight continued to Las Vegas, where it landed uneventfully," the airline said, adding that it was "engaged" with the customers were reported to be injured. Still, two flight attendants were "being treated for injuries," according to the airline's statement. The flight was in the same airspace, near Burbank, as a Hawker Hunter Mk 58 fighter jet, according to flight tracking website FlightAware. US media reported the Hawker Hunter jet was privately owned. The incident raises further questions about aviation safety in the United States, following a series of accidents and near-misses in recent months. In January, a mid-air collision between a commercial aircraft approaching Ronald Reagan Airport near downtown Washington and a military helicopter killed 67 people. In May, US President Donald Trump's administration announced plans to overhaul its "antiquated" air traffic control system, which suffers from a shortage of controllers in FAA-managed towers. The government has laid off hundreds of FAA employees as part of its plan to slash the federal workforce.
Observer
a day ago
- Observer
Fritz falls as Raducanu and Fernandez win at DC Open
WASHINGTON: US top seed Taylor Fritz dropped an early on Saturday morning marathon to Spain's Alejandro Davidovich Fokina while Britain's Emma Raducanu and Canada's Leylah Fernandez reached the semifinals of the ATP and WTA DC Open. World number four Fritz, two points from victory in the ninth game, dropped the last five games in falling to the 26th-ranked Spaniard 7-6 (7/3), 3-6, 7-5 after three hours and five minutes in a match ending just before 2:00 am. Davidovich Fokina advanced to a Saturday semifinal against US fourth seed Ben Shelton, who beat sixth-seeded hometown hero Frances Tiafoe 7-6 (7/2), 6-4. Fritz, who had 20 aces and six double faults, served for the match in the ninth and was up 30-0 but lost, then failed to take advantage of three double faults by Davidovich Fokina in the 10th game. The other men's semi-final will send French lucky loser Corentin Moutet against Australian seventh seed Alex De Minaur, who eliminated American Brandon Nakashima 6-4, 6-4. Moutet withstood leg cramps to eliminate eighth seed Daniil Medvedev 1-6, 6-4, 6-4. "I tried to survive every point because it was hard physically," Moutet said after fighting off leg cramps. "I'm just proud of myself." Raducanu reached the brink of her first WTA final since winning the 2021 US Open, ousting Greece's Maria Sakkari 6-4, 7-5. And Fernandez, whom Raducanu beat in that Flushing Meadows championship match, reached the other semi-final by dispatching American Taylor Townsend 6-4, 7-6 (7/4). Raducanu, who missed most of 2023 after hand and ankle surgery and part of last year with a left foot injury, reached her first WTA semifinal since last year at Nottingham by dispatching Sakkari in sweltering conditions of 95F (35C). "It was one of the toughest matches conditions-wise I've ever played in," Raducanu said. "Those points in the second set, I was getting a bit wobbly I'm just happy I could close it out and it was two sets. "I think the humidity here, as well, it just makes it feel completely like you have just opened an oven and it just stayed open and your head is in there. That's how it feels." Left-hander Fernandez overcame leg cramps in the second set in advancing to face third seed Elena Rybakina of Kazakhstan, who beat Polish fifth seed Magdalena Frech 6-3, 6-3. Raducanu will next face Anna Kalinskaya, who defeated Danish fourth seed Clara Tauson 6-3, 7-5. Raducanu, Britain's first women's Grand Slam singles champion since Virginia Wade in 1977 at Wimbledon, beat four-time Grand Slam champion Naomi Osaka in the second round before downing Sakkari after a medical timeout in the second set. "Brutal conditions. Right in the peak heat of the day. It was incredibly difficult," Raducanu said. "I had to call a doctor on. Wasn't feeling too good in the second set. "When it's at that stage you know you're going to suffer and you have to just go until you physically can't anymore. It could be a little dangerous but you just leave it all out there on the court as an athlete." BENCHMARK WIN Raducanu rallied to win the final five games of the match, calling it a "big benchmark" to reach the semis. "You get to a point where you're so tired that you don't really know what you're doing anymore, and I think maybe that helped," Raducanu said. Fernandez called it a "good steppingstone" to reach the semis, fight off leg cramps to break Townsend on her eighth chance in the 10th game to reach 5-5 on the way to victory. "It was definitely an adventure," Fernandez said. "This was the first time I've had to go through this. I'm proud I was able to stay mentally tough." — AFP
Muscat Daily
a day ago
- Muscat Daily
China's PM Li Qiang calls for global ‘consensus' on AI regulation
Shanghai, China – Chinese Premier Li Qiang on Saturday urged the international community to build a global consensus on artificial intelligence (AI) governance, highlighting security risks amid the raging tech race between Beijing and Washington. Speaking at the opening of the World Artificial Intelligence Conference (WAIC) in Shanghai, Li said it is prudent to look at 'how to find a balance between development and security (which) urgently requires further consensus from the entire society'. Li also announced the creation of a Chinese-led body to promote global AI cooperation and open-source development to keep AI from becoming 'the preserve of a few countries and a few enterprises'. The tech rivalry between US, China The three-day WAIC event comes amid intensifying US-China competition in advanced AI technology. Just days before, US President Donald Trump announced the slashing of AI regulations to maintain the US' dominance in the field even as Washington continues to restrict exports of high-end chips to China, citing national security concerns. These restrictions are forcing Chinese companies to look for alternatives, with startup DeepSeek introducing an AI model in January that matched the performance of leading US systems, despite working on less advanced chips. Li, without naming the US, criticised monopolistic control and called for open access to AI technologies, warning of insufficient supply of AI chips and restrictions on talent exchange otherwise. 'Only by adhering to openness, sharing and fairness in access to intelligence can more countries and groups benefit from (AI),' he said. 'A test of international cooperation' At the WAIC opening ceremony, UN Secretary-General Antonio Guterres said in a video message that AI regulation would be 'a defining test of international cooperation.' More than 800 companies are participating in this year's WAIC, showcasing over 3,000 tech innovations. While Chinese firms like Huawei and Alibaba are the main entrants, international firms including US-based companies Tesla, Alphabet, and Amazon are also present. DW
