I honestly don't get the panic about another prem club getting him. If Liverpool are going to pay £100m for him then they could just as easily spend the same elsewhere in Europe, as could we. In short they will strengthen either way for that kind of money so it's pointless flapping about them strengthening.
It's ok if we walk away for that asking price because we can go elsewhere. As the transfer window draws on Leicester will get twitcher than us about it that's for sure, especially if we put bids in for other targets in the same position, they'll fold before we do unless someone else comes in.
Some need to stop pretending FFP is gone for good, what ever reasons you can come up with to ignore it, I will simply counter with: Why even risk sanctions when we know UEFA have no love for us?
I'm quite tired of those few blues always calling for us to be the mugs when it comes to transfers(it's not always the right answer sorry to break it to you... see Mangala, see Bony and so on), let Liverpool take that reputation from us and see how it slows down their recruitment when they get a name for it because we're better off financially as a club and it's been slowing us down for the last few years. £70m is generous enough for his quality, age, years left on contract... that's not peanuts by any stretch of imagination it's 60-70 MILLION he's never going to be our star player I don't get why would smash our transfer record with that in mind.