Benitez exit imminent - reports
Latest news update:
Rafa Benitez appears set to leave Liverpool following reports the club are in discussions with him over his future.
Reports on Wednesday evening are suggesting the Liverpool board have decided to replace the Spaniard, who has been in charge at Anfield since 2004, after it emerged the Reds informed the boss he would have little or no money to spend on new players this summer.
Benitez, who is believed to be on holiday at the moment, had refused to commit himself to the club until he had met with chairman Martin Broughton to find out how much, if any, money he had to spend and it appears, following a breakdown in communications between the pair, he will now leave with a reported 'golden handshake' of anything up to £10million.
The former Valencia chief has grown increasingly frustrated at the lack of money made available to him following the takeover by American duo Tom Hicks and George Gillett three years ago and with the club seriously in debt and no sign of new owners coming in, Benitez's time at Anfield seems to be drawing to a close.
If Benitez does leave it raises further question marks over the future of star duo Fernando Torres and Steven Gerrard while a list of possible replacements could include Kenny Dalglish, Guus Hiddink and, surprisingly, Avram Grant.