'Years in the making' - Liverpool CEO defends summer transfer splurge and explains how Reds have spent nearly £300m

After securing a historic 20th English league title last season, equalling the all-time record, the club felt the moment was right to make a definitive statement in the market. Hogan believes this investment surge reflects the evolving status of Liverpool as not only a domestic force but a global footballing institution.

Their latest signing was that of French forward Hugo Ekitike from Eintracht Frankfurt, a deal valued at £79 million ($106.84m) including performance-based bonuses. With Ekitike’s arrival, the club’s total expenditure this window stands close to £300m ($405m), marking a sharp uptick from the club’s typically cautious and sustainable transfer model.

Speaking to The Athletic, Hogan emphasised that the current wave of spending was not the result of a sudden shift in philosophy but rather a deliberate, strategic plan that’s been in motion for years.

"It doesn't just happen; it's been years in the making," he said. "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..."

The club’s American owners, Fenway Sports Group (FSG), are also playing a crucial role in this evolution. Hogan explained that following last season’s league triumph, they wanted to make sure Liverpool were not just title contenders but a globally recognised juggernaut.

"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."

To balance the books to some extent, Liverpool have sanctioned the departures of six players so far, including long-serving right-back Trent Alexander-Arnold. These transfers have brought in a combined total of around £64 million ($87 million). While not enough to neutralise the summer’s overall spending, these sales reflect the club’s ongoing efforts to remain financially responsible amid a high-spending window.

Liverpool are currently on a tour of Asia as they aim to strengthen their brand presence and prepare the squad ahead of the new season. On Saturday, the Reds face Italian giants AC Milan in Kowloon, Hong Kong. Following that, they travel to Japan to take on Yokohama F. Marinos in the prestigious J League World Challenge on Wednesday.