Imagine the best version of Caicedo that could ever be. Experienced, injury-free, every bit of talent potential fulfilled.
That‘s what they‘re paying for now.
The reality is he has played 30 odd games. He‘s not even passed the second season syndrome test yet.
The money we are getting is...
So really, we are looking at £89m not £111m.
That is a pretty fair price for his talent.
Essentially Liverpool are paying the sell-on fee to his previous club, as an extra.