Liverpool have endured a shocking start to their Premier League title defence, which will cause concerns

Liverpool spent close to £450m over the summer on new additions, including the likes of Alexander Isak, Hugo Ekitike and Florian Wirtz.

So far, Arne Slot has struggled to get all his new signings to gel, which has left the Reds trailing Arsenal by seven points and sitting in seventh place.

Click to subscribe to the podcast

The Merseyside club have now lost each of their last four Premier League fixtures, which will raise alarm bells as to where they could end up this season.

However, TBR Football’s head of football finance, Adam Williams, and Kieran Maguire from Beyond The Back Four podcast have explained why missing out on the Champions League football wouldn’t cause complete financial chaos at Anfield.

Photo by Danielle Parhizkaran/The Boston Globe via Getty Images

Liverpool are well-equipped to deal with a season not playing Champions League football, thanks to FSG’s tightly run ship, according to Maguire.

The Reds’ American owners have set up the club to ensure there is a strong stream of cash coming in through matchday and commercial income.

In the last financial year, Liverpool earned £410m from...