Why FSG May Let Liverpool’s Big Three Walk Away

Liverpool fans are no strangers to heartbreak, but the summer ahead may test their emotional resilience in new ways. Mohamed Salah, Virgil van Dijk, and Trent Alexander-Arnold—all icons of the modern era at Anfield—are edging closer to the end of their contracts. Yet, despite their heroics, the club’s ownership, Fenway Sports Group (FSG), doesn’t appear to be rushing to extend their stay.

At first glance, this might feel like madness. But beneath the emotional weight of legacy and loyalty lies a logic that’s been FSG’s trademark for over a decade.

When John W. Henry bought Liverpool, he brought along a playbook inspired by baseball’s “Moneyball” revolution—focusing not on name recognition or sentiment, but on value, data, and long-term sustainability. It’s a model that revived the Boston Red Sox and gave Liverpool its first Premier League title.

So when Liverpool hesitates on renewing contracts for three of their biggest stars, it’s not about disrespect. It’s a reflection of that same cold, calculated philosophy. Salah will be 33 before next season begins. Van Dijk isn’t far behind. And while Alexander-Arnold is younger, he’s likely commanding a package worthy of a Galáctico—something FSG may see as risky for a fullback with mounting injury concerns.

For a club that thrives on efficiency, locking in aging stars on long-term, high-salary deals contradicts everything they stand for. That kind of move might satisfy short-term emotions, but it’s also a gamble that can quickly turn into financial dead weight if performance drops.

Every fan wants to believe in loyalty, in one-club men, in fairy tales. And to be fair, these three players have given Liverpool every reason to consider making them exceptions. But the uncomfortable truth is that Liverpool, under FSG, has never been a club that lets nostalgia drive its decisions.

Supporters don’t need to look far to see how the club has handled star exits before. From Gerrard to Coutinho, the pattern is clear: no one is untouchable. And yet, this situation feels different—because it’s not just one name. It’s three pillars of an era, potentially leaving in the same window.

The idea of losing Salah’s goals, Van Dijk’s composure, and Trent’s creative genius all at once is enough to unsettle. But from the boardroom’s perspective, it’s not just about output—it’s about risk. Injuries, age, and financial weight are things spreadsheets don’t forgive, even if supporters might.

FSG isn’t ignoring the fans. They’re just choosing not to let passion override prudence.