The 2014–15 season was Liverpool's 123rd season in existence, and their 52nd consecutive season in the top flight of English football. It was also the club's 23rd consecutive season in the Premier League. Along with the Premier League, the club also competed in the FA Cup, League Cup, and the UEFA Champions League, where they returned for the first time since the 2009–10 season.

Hopes were high at Liverpool, after a miraculous title run the previous season had seen them finish runners-up to eventual champions Manchester City. Following the sale of star striker Luis Suarez in the summer, the club spent £117m on 10 new arrivals to Anfield. Expectations were high as the new season started.

However, it did not take time for things to slowly unravel. Liverpool only accumulated 26 points from a possible 57, equalling their worst league start for 50 years - ending the calendar year in 8th. They also bowed out of the Champions League at the first hurdle, finishing 3rd in their group.

Despite this awful spell, the Reds eventually recovered after the new year, and embarked on a 12-match unbeaten run, lifting hopes of Champions League qualification. But Liverpool then suffered another poor run, which saw them win just twice in their last eight games. This killed off their hopes of Champions League qualification for the following season; although they did seal Europa League qualification for 2015-2016 courtesy of Arsenal's 4-0 win over Aston Villa in the FA Cup Final.

The Reds bowed out of the FA Cup to Aston Villa and the Capital One Cup to Chelsea, both in the semi-finals respectively.

This would also be captain Steven Gerrard's final season at the club due to his contract expiring, ending his 17-year spell with the club. Raheem Sterling was also sold to Manchester City for £50m in May.

Expenditure

Summer: £117,000,000

Winter: £0

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