Since it was formed in the summer of 2012, shortly after Brendan Rodgers had arrived at Anfield, it has been frequently been seized upon as the key reason for Liverpool for failing to meet the expectations of their demanding public.
Home form is patchy? Blame the transfer committee. A big player, regarded to be a target, goes somewhere else? Blame the transfer committee. Someone comes in and fails to settle straight away? Blame the transfer committee.
Four figures have been constant since its inception: Michael Edwards, is the influential technical director; Barry Hunter is the chief scout, Dave Fallows is head of recruitment and chief executive Ian Ayre, who deals with negotiations.