Mid week review: Liverpool Splash Cash, Chelsea Back, City Finished?

Liverpool Spending Spree

I was singing the praises of Liverpool on Sunday. They had just signed a budding superstar in Luis Suarez and finally had the financial backing to continue improving in the summer. However, I only briefly mentioned the situation with Fernando Torres. And Chelsea threw the transfer market for a loop Monday when they bought "El Niño" for a cool £50M (more on that later).

'Pool's reaction to the Torres sale was immediate, as they grossly overreacted by purchasing Andy Carroll from Newcastle for a shocking amount of ₤35M, making the promising but unproven striker the seventh most expensive player in football history.

So let me get this straight, the Reds in 24 hours somehow decided they were going to throw the bulk of the money from the Torres deal on a player that is yet to complete a full EPL season? Why overspend in January on a player that would probably be far cheaper in the summer? And most importantly, why not wait until the offseason to find the perfect fit for the team? It's a mystery to me.

It's hard to believe, but this type of irresponsible spending has been commonplace at Anfield for some time now.

I just don't get it. Liverpool aren't getting back in the race for a top four spot this season and Carroll can't even play for a month with an ankle injury. Buying him at that kind of price was not only a huge risk, but also a mistimed maneuver considering he won't even star until well past the halfway point.

The Suarez buy was a good one. But the reaction to the Torres sale was unbelievably over the top. Methinks that the braintrust over here in the U.S. need to learn a thing or two about the transfer market before they get themselves into the same mess that the last ownership group did (who were also Americans, ironically).

On the bright side, the Reds are starting to round into form. They've won three straight and capped it off with a 2-0 win today over Stoke City at Anfield.

Rau Miereles' run of good form continued when he opened up the scoring with a ferocious right footed strike after the ball fell to him inside the box.

Suarez made his debut for the club in the 63rd. And he quickly impressed with a beautiful flick to Dirk Kuyt inside the box that forced Begovic off his line to make a play on the ball.

Then he finished off the Potters in minute 79. A nice through pass from Kuyt saw him in behind the defense, he calmly touched the ball around the goalkeeper, and a backtracking Andy Wilkinson couldn't keep the ball out of the net.

So despite the poor decision on Carroll, things do seem to be looking up for Liverpool. They've taken wins from their last three games, and Suarez looked like he may well be ready to contribute immediately. Meanwhile, Miereles is finally giving them a reliable attacking midfielder. Plus the defense looks better, too.

If they can add a few more pieces over the summer and the Carroll buy pays some dividends, they could be right back in the Champions League in 2012. But surely they have dug too deep of a hole to reach that level this year.

Are Manchester City Done?

With Chelsea, Arsenal, and Man U all winning on Tuesday, Manchester City went to Birmingham hoping to keep pace with the three title contenders. Instead they left with a disappointing 2-2 draw that saw them blow two leads, and potentially end their title chances in the process.

It was a gorgeous City opener. Tevez' one-touch out wide to Silva, who did well to streak into the box and play the ball right back to the Argentinean, who exhibited a great bit of ball control to create space before placing a slow roller between the legs of a defender and into the corner.

But while the brilliance of Tevez and Silva was showing the best of City, their defending of set pieces continued to show off their worst.

In the 23rd minute, the Blues won a free kick from the left side, and City failed to properly deal with it as it caroomed off the knee of Nikola Zigic and into the net.

Aleksandar Kolarov's sweet left foot helped the visitors to a halftime lead. His curling shot from a free kick wrong-footed Ben Foster and sailed into the left corner.

Birmingham were certainly the stronger of the two teams in the second half. Their pressure paid off in the 71st when Patrick Viera pulled down Kevin Phillips in the box, and Craig Gardner was up to the task from the spot.

Another tough result for Roberto Mancini and company, and this may have been the final blow for a team that continues to lag behind the rest of the contenders.

It all looked so promising initially. The goal was a brilliant piece of play from Tevez and Silva and you'd think that they would be better at defend their lead(s) against the lowest scoring team in the premiership. Even though they're a side that makes defense a huge priority, City have lacked discipline in that area over the last month.

The defending, especially on set pieces, has been diabolical. And it really came to bite them today on the first goal. The marking was poor, and they inexplicably allowed the ball to bounce once before it deflected off of an opportunistic Vidic.

When City played for a scoreless draw at the Emirates in early January, I found it hard to take them seriously as true title contenders. For a team needing to rattle off a perfect month or so just to get back in the race, the players' failure to completely gel coupled with Mancini's conservative style have made it difficult for them to really put a scare into Man U. If you ask me, they're done with regards to the title chase.

Chelsea Surge

The Blues unquestionably have a ways to go in terms of getting back into the the title race. But they can at least be proud of getting three straight wins after things appeared ready to burst apart at the seams.

They scored a big result on Tuesday, winning a wild match 4-2 at Sunderland.

Chelsea fell behind on goals from Phil Bardsley and then gave up a shock equalizer to Kieran Richardson in the first half, but responded well on both occasions.

The game featured a host of chances for both sides.

Steve Bruce's team gave it a good go. But Chelsea showed they may be turning a corner by snatching control of the match and showing great flair and creativity. They were rewarded for it with goals from John Terry and Nicolas Anelka in the second half to clinch the three points.

Now we wait for the Fernando Torres debut in the much-discussed match against Liverpool.

The Torres transaction actually lost some of its luster amidst all the drama on Monday's transfer deadline. But the mere thought of him playing next to Drogba has me salivating. Both of them appear to be heading into their best form after struggling with consistency and fitness for much of this season.

Trouble in Blackpool?

It's hard not to root for the Tangerines. They insist on playing an attractive style and have been relatively successful in doing so. Meantime, they have one of the world's best interviews managing them in Ian Holloway. But while they were flirting with the half top of the table close to a month ago, they have been rapidly falling down the standings since.

It might end up being a similar story to Burnley last year. They started off well before falling apart in the second half of the year. Even if Blackpool do stay up, they will surely be in a battle next year with Charlie Adam likely out the door.

As for West Ham, they showed again that they do have the attacking quality to make some noise. Victor Obinna has been fantastic of late, scoring five times in his last two games. He scored twice in what was a completely wide-open match at Bloomfield Road on Wednesday (including one stunning strike to put Blackpool away). Enjoy the highlights.

News and Notes

There could be another injury crisis at Arsenal. Defensinve midfielder Alex Song (a player that the team boasts no reliable replacement for) and leading scorer Samir Nasri all picked up knocks this week. The Gunners have been quite strong on the road this season, but a visit to St. James' Park to face Newcastle this weekend will be a dangerous one without several key cogs in the lineup.

We'll be treated to a bonus edition of the "Superclásico" in April. Real Madrid and Barcelona both advanced to the finals of the Copa del Rey. The match will come just days after their final regular season meeting, and it should be fun to watch as always.