2010–11 Liverpool F.C. season and the resurgence saw Liverpool rise up to fifth in May. Despite their resurgence Liverpool eventually finished sixth in the Premier League, having failed to qualify for the Europa League. The season also saw Liverpool's record purchase and departure, as Fernando Torres left for Chelsea, being replaced by Newcastle United's target man Andy Carroll. Liverpool received £50 million for Torres, and paid £35 million for Carroll's services. Both transfers occurred during a busy transfer deadline day on 31 January, where Liverpool also broke its previous transfer record, paying £22.5 million for Luis Suárez. During the season, Jon Flanagan and Jonjo
Transfer (association football) May 2013, when the club were taken over by Stewart Day and the loans were repaid, at which point the club had been relegated to League Two and been forced to released 16 players. In 2013, English team Watford received a five-month transfer ban for breaching football rules during the period of September 2011 until former owner Laurence Bassini sold the club to Giampaolo Pozzo in June 2012. Watford and Bassini were found guilty of failing to inform the football authorities about financial agreements set up with a company called LNOC, in particular their role in the transfer of Danny