8 Apr 2010Liverpool need investment, says Benitez

Football Clubs News | Football Finance News

Liverpool manager Rafael Benitez has expressed fears over the state of the club's finances and says he needs cash if he is to improve their fortunes on the pitch.

The Reds are understood to have declined an estimated £110 million offer from American investment firm the Rhone Group earlier this week and Benitez admits he had been "optimistic" that they would reach a deal with Liverpool's current owners.

He said: "We need to invest and then we can challenge in a better way. While we don't have the investor, it will be difficult to go one step forward."

Benitez has been vocal in the past about what he perceives as a lack of transfer funding, although the Anfield side are restricted by a debt believed to be around £300 million.

After challenging Manchester United for last season's English Premier League title, Liverpool have endured a disappointing campaign and currently sit in 6th place.

Written by Paul Roberts

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