2011–12 Liverpool F.C. season 2011–12 Liverpool F.C. season The 2011–12 season was the 120th season in Liverpool Football Club's existence, and their 49th consecutive year in the top flight of English football. Liverpool had mixed fortunes during the season; they enjoyed success in the domestic cups, winning the League Cup for a record eighth time – also their first trophy since 2006 – and reached the FA Cup Final, where they lost to Chelsea. By virtue of winning the League Cup, Liverpool qualified for the 2012–13 UEFA Europa League. The club's league form, however, was indifferent and they finished eighth, their joint-lowest Premier League
Transfer (association football) by an English club came in the summer of 1988, when Tottenham Hotspur signed Paul Gascoigne from Newcastle United. Within weeks of Gascoigne's transfer, the national record was broken again when Tony Cottee moved from West Ham United to Everton for £2.2 million, and again shortly afterwards when Ian Rush returned to Liverpool from Juventus for £2.8 million. In the space of two months in the summer of 1992, three transfers broke the record, all by Italian clubs: Jean-Pierre Papin transferred from Marseille to Milan, becoming the world's first ever £10 million player. Almost immediately, rivals Juventus topped that with