Liverpool are entering a major reset after an expensive season that did not bring the results many expected. The club spent a reported £450m last summer, but performances on the pitch were disappointing and the campaign ended with Arne Slot losing his job.
The upheaval has continued into the new summer, with several senior players moving on. Mohamed Salah, Andy Robertson and Ibrahima Konate are all described as having left on free transfers, adding even more significance to an already important period for the club.
Against that backdrop, Liverpool's leadership is trying to project stability. With Michael Edwards involved in the latest phase of change, the message from inside the club is that Liverpool remain in a strong position despite the scale of the turnover.
That makes this a defining moment for Liverpool's next rebuild. After heavy spending, a managerial change and the loss of experienced players, the focus is now on how the club reshapes the squad and moves forward while insisting it is still in a healthy place overall.