At number eight in our countdown is surely one of the bargains of all-time as Bill Lacey crossed Stanley Park to sign for the Reds in 1912 for a modest fee of £150.

The Wexford-born utility player - on the far left of the middle row in the picture above - joined Everton in February 1909, though he only played 37 league games and scored 11 goals in three years.

Liverpool then swooped to make one of their shrewdest transfer deals ever when they swapped Harold Uren for Lacey and Tom Gracie in late February 1912.

A talented player, Lacey went on to make 260 appearances for the Reds between 1912 and 1924.