What, me worry?
UPDATE: It's official. Rafa out.
Apropos of our Liverpool round table discussion, today's news is that Liverpool have offered Rafael Benitez a way out of Anfield.
In what amounts to a vote of no confidence in Benitez, the Liverpool board approved a proposal to the Spaniard which would see him depart Anfield with a lucrative pay off worth in the region of £3 million up front.
Such is Liverpool’s palsied fiscal state, they recently posted record annual losses of £55 million and are saddled with debts totalling £351 million, Broughton was simply unable to offer Benitez the guarantees he was looking for and after a desperately disappointing campaign in which they finished seventh in the Barclays Premier League and failed to qualify for next season’s Champions League the club’s hierarchy would not have been keen to extend Benitez’s tenure anyway.
Inter Milan ready to offer Benitez an escape route to Italy should he show any willingness to follow in the footsteps of Jose Mourinho, his managerial arch rival, although Benitez’s agent, Manuel Garcia Quillon, has insisted that the reigning European and Italian champions have not made any contact with his client.
It would be problematic for Liverpool to find a top class replacement given that they cannot offer managerial candidates either a squad that is equipped for a title challenge or a substantial transfer package to tempt them. The situation is further complicated by the fact that the club is up for sale and the Liverpool board may not feel able to offer Benitez’s successor a long-term contract in case potential investors are not impressed by their choice. That could mean a temporary manger is the only viable solution, at least until a buyer is found.
More in the article. A very - well, another very - thorough review of a sad state of affairs.