7) Andy Carroll (Newcastle United to Liverpool)
When Andy Carroll moved to Liverpool for £35 million in January 2011, some fans attempted to justify the extraordinary outlay by explaining that Carroll effectively cost -£15m and was more like a gift, because Chelsea paid £50m for Fernando Torres and that was the real waste of money. Unfortunately, neither player was to prove a success, and the Anfield club were caught out for making a last minute panic buy.
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