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Liverpool and the £1bn truth that left Manchester United behind

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It is not so very long ago that summer transfer windows would see Liverpool supporters casting envious glances in the direction of Old Trafford.

Things can change quickly in football and this week, Manchester United - who have now gone seven years without a league title - activated a £140 million loan facility, leading some to suggest they will use the windfall to continue their spending spree in the transfer market.

United have spent extensively in recent seasons in the hopes of reclaiming lost ground on Liverpool and Manchester City, with some pundits suggesting that could continue this summer, despite the current financial pressures they and other clubs throughout the league are feeling.

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