I don't think there is a single person on this board that agrees with absolutely everything that Rafa has done whilst he's been at this club, some more than others but everyone would have done something different. So what would you have done given the same circumstances as Rafa has had?
It's the summer of 2004, and this is your squad:
1 Jerzy Dudek Goalkeeper
40 Paul Harrison Goalkeeper
12 Paul Jones Goalkeeper
22 Chris Kirkland Goalkeeper
29 Patrice Luzi Goalkeeper
25 Igor Biscan Defender
23 Jamie Carragher Defender
3 Steve Finnan Defender
2 Stephane Henchoz Defender
4 Sami Hyypia Defender
36 Jon Otsemobor Defender
18 John Arne Riise Defender
21 Djimi Traore Defender
27 Gregory Vignal Defender
28 Bruno Cheyrou Midfielder
15 Salif Diao Midfielder
17 Steven Gerrard Midfielder
16 Dietmar Hamann Midfielder
7 Harry Kewell Midfielder
20 Anthony Le Tallec Midfielder
13 Danny Murphy Midfielder
26 Richie Partridge Midfielder
34 Darren Potter Midfielder
11 Vladimir Smicer Midfielder
32 John Welsh Midfielder
5 Milan Baros Striker
9 El Hadji Diouf Striker
8 Emile Heskey Striker
33 Neil Mellor Striker
10 Michael Owen Striker
24 Florent S Pongolle Striker Over the eight transfer windows up to the present day you have a nett transfer budget of £80m to spend, the same as Rafa had, and you can buy any player that another other club bought during that period for the same price they cost at the time. Obviously we would have never had that budget all in one season so for arguments sake lets say you can't exceed £30m nett spend in any one season, I'm pretty sure Rafa hasn't gone above that figure. I have listed the players sold by Rafa below, any players sold will be sold at the same price he got for them, and you can opt to keep anyone that he sold but it will obviously leave you less funds for signings. If you would have sold players Rafa hasn't sold then try to be realistic with the price we'd get for them (no valuing Kewell at £6-11m Magillionare). About £20m of that £80m was spent on youth players, I've made a seperate list of the youngsters Rafa's bought and you can decide whether to redress the balance between investing in youth & investing in the first team accordingly. You might also want to think about any changes in tactics you would have made over the seasons, I have included a link to the results section on the official website so you can refresh your memory of any games where you might have done things differently.
It is going to take a while for me to get all my thoughts together so I'll post later with my own opinion on what I would have done differently. Obviously I understand there is a lot to go on there so I don't expect people to cover every aspect, but I would ask that people give it a bit of thought if they're going to bother to reply. A comment like 'I wouldn't have bought Pellegrino' is pretty much stating the obvious, at least try & go into a bit more detail as to who you would have bought instead. Get your thinking caps on people, it will be interesting to hear your opinions.
Players bought by RafaJosemi Rey Malaga £2,000,000 26.07.2004
Antonio Nunez Real Madrid £1,500,000* 17.08.2004
Xabi Alonso Real Sociedad £10,700,000 20.08.2004
Luis Garcia Barcelona £6,000,000 20.08.2004
Mauricio Pellegrino Valencia Free 05.01.2005
Fernando Morientes Real Madrid £6,300,000 13.01.2005
Scott Carson Leeds United £1,000,000 21.01.2005
Josh Mimms Rotherham United £50,000 16.06.2005
Antonio Barragan Sevilla £240,000 04.07.2005
Boudewijn Zenden Free Transfer Free* 04.07.2005
Jose Reina Villareal £6,000,000 04.07.2005
Mohamed Sissoko Valencia £5,600,000 14.07.2005
Peter Crouch Southampton £7,000,000 20.07.2005
Godwin Antwi Real Zaragoza Unknown 15.08.2005
Miki Roque Lleida Unknown 15.08.2005
Jack Hobbs Lincoln City £150,000* 18.08.2005
Besian Idrizaj LASK Linz £190,000* 22.08.2005
Ramon Calliste Free Transfer Free* 29.08.2005
Mark Gonzalez Albacete £1,500,000* 20.10.2005
Paul Anderson Hull City Player Exchange* 01.01.2006
Jan Kromkamp Villareal Player Exchange* 04.01.2006
Daniel Agger Brøndby £5,800,000 12.01.2006
David Martin MK Dons £250,000* 12.01.2006
Robbie Fowler Man City Free 27.01.2006
Craig Bellamy Blackburn £6,000,000 01.07.2006
Gabriel Paletta Club Atlético Banfield £2,000,000 04.07.2006
Fábio Aurélio Valencia Free 05.07.2006
Jermaine Pennant Birmingham £6,700,000 26.07.2006
Dirk Kuyt Feyenoord £9,000,000 18.08.2006
Nabil El Zhar St Etienne £200,000 21.08.2006
Astrit Ajdarevic Falkenberg £750,000* 11.01.2007
Daniele Padelli Sampdoria On Loan* 12.01.2007
Jordy Brouwer Ajax Undisclosed* 24.01.2007
Francisco Durán Malaga £66,000* 30.01.2007
Ronald Huth Tacuary FC Undisclosed 31.01.2007
Álvaro Arbeloa Deportivo £2,500,000 31.01.2007
Javier Mascherano West Ham On Loan 20.02.2007
Lucas Leiva Gremio £5,000,000 11.05.2007
Mikel San José Domínguez Athletic Bilbao £270,000 28.06.2007
Sebastian Leto Club Atlético Lanús £1,800,000 01.07.2007
Fernando Torres Atletico Madrid £20,200,000 04.07.2007
Andriy Voronin Leverkusen Free* 06.07.2007
Yossi Benayoun West Ham £5,000,000 12.07.2007
Ryan Babel Ajax £11,500,000 13.07.2007
Charles Itandje Lens Undisclosed 09.08.2007
Emiliano Insúa Boca Juniors £1,300,000* 26.08.2007
Martin Skrtel Zenit St Petersburg £6,500,000 11.01.2008
Javier Mascherano Media Sports Investment £17,000,000 29.02.2008
Players sold by Rafa Danny Murphy Charlton £2,500,000 10.08.2004
Michael Owen Real Madrid £8,500,000* 14.08.2004
Stephane Henchoz Celtic Free 28.01.2005
Vladimir Smicer Bordeaux Free 13.06.2005
El Hadji Diouf Bolton £3,500,000 15.06.2005
Mauricio Pellegrino Alaves Free* 17.06.2005
Alou Diarra Lens £2,000,000 23.06.2005
Mark Smyth Unknown Free* 01.07.2005
Paul Harrison Unknown Free* 01.07.2005
Richie Partridge Unknown Free* 01.07.2005
Gregory Vignal Portsmouth Free* 01.07.2005
Igor Biscan Panathinaikos Free* 01.07.2005
Jon Otsemobor Rotherham United Free* 01.07.2005
Patrice Luzi Unknown Free* 01.07.2005
Antonio Nunez Celta Vigo £2,000,000* 29.07.2005
Milan Baros Aston Villa £6,500,000 23.08.2005
John Welsh Hull City Player Exchange* 01.01.2006
Josemi Rey Villareal Player Exchange* 02.01.2006
Zak Whitbread Millwall £200,000 13.06.2006
Bruno Cheyrou Rennes Undisclosed 29.06.2006
Ramon Calliste Unknown Free* 01.07.2006
Robbie Foy Unknown Free* 01.07.2006
David Raven Carlisle £0* 03.07.2006
Fernando Morientes Valencia £3,000,000 05.07.2006
Dietmar Hamann Bolton Free 11.07.2006
Antonio Barragan Deportivo £675,000 03.08.2006
Djimi Traore Charlton £2,000,000 09.08.2006
Carl Medjani Lorient Free 12.08.2006
Neil Mellor Preston £500,000 30.08.2006
Jan Kromkamp PSV Eindhoven £1,750,000 31.08.2006
Chris Kirkland Wigan Ath. £3,500,000* 27.10.2006
Darren Potter Wolves £250,000* 18.01.2007
Stephen Warnock Blackburn £1,500,000 22.01.2007
Salif Diao Stoke Free 25.01.2007
Florent S Pongolle Recreativo de Huelva £2,700,000 04.05.2007
Daniele Padelli Sampdoria Returns from loan 08.06.2007
Danny O' Donnell Crewe £100,000 13.06.2007
Jerzy Dudek Real Madrid Free* 01.07.2007
Robbie Fowler Cardiff Free* 01.07.2007
Boudewijn Zenden Marseille Free* 01.07.2007
Luis Garcia Atletico Madrid £4,000,000 03.07.2007
Djibril Cissé Marseille £6,000,000 09.07.2007
Craig Bellamy West Ham £7,500,000 10.07.2007
Mark Gonzalez Real Betis £3,500,000 17.07.2007
Gabriel Paletta Boca Juniors £1,200,000* 26.08.2007
James Smith Stockport Cou. Free 28.12.2007
Mohamed Sissoko Juventus £8,200,000 28.01.2008
Lee Peltier Yeovil Free* 31.01.2008
Youngsters bought by RafaJosh Mimms Rotherham United £50,000 16.06.2005
Antonio Barragan Sevilla £240,000 04.07.2005
Godwin Antwi Real Zaragoza Unknown 15.08.2005
Miki Roque Lleida Unknown 15.08.2005
Jack Hobbs Lincoln City £150,000* 18.08.2005
Besian Idrizaj LASK Linz £190,000* 22.08.2005
Paul Anderson Hull City Player Exchange* 01.01.2006
David Martin MK Dons £250,000* 12.01.2006
Nabil El Zhar St Etienne £200,000 21.08.2006
Astrit Ajdarevic Falkenberg £750,000* 11.01.2007
Daniele Padelli Sampdoria On Loan* 12.01.2007
Jordy Brouwer Ajax Undisclosed* 24.01.2007
Francisco Durán Malaga £66,000* 30.01.2007
Ronald Huth Tacuary FC Undisclosed 31.01.2007
Mikel San José Domínguez Athletic Bilbao £270,000 28.06.2007
Sebastian Leto Club Atlético Lanús £1,800,000 01.07.2007
Emiliano Insúa Boca Juniors £1,300,000* 26.08.2007
Useful linksLiverpool results - Official websiteSoccerbase transfer search engine - Search transfers by season and price range