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Former Liverpool chief executive officer Ian Ayre says the club did not complete the signing of Dele Alli as a teenager because they felt he was not worth the fee MK Dons were seeking.
Alli grew up as a Liverpool fan and met with then-manager Brendan Rodgers ahead of a potential transfer.
However, Liverpool and MK Dons could not agree a deal and the 18-year-old eventually completed a £5 million transfer to Tottenham Hotspur in February 2015.