Buy George, Gillett doubts Liverpool title bid

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Confidence is high on Merseyside after the Reds finished the current campaign strongly, culminating in last week's Champions League final defeat to AC Milan.

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Buy George: Gillett knows Liverpool need more ammunition

Immediately after that heart-breaking loss in Athens, manager Rafael Benitez called on Gillett and fellow owner Tom Hicks to back his summer restructuring at Anfield to give his side a genuine chance of competing for Manchester United Premiership crown next time out.

But although the arrival of the Americans has guaranteed a substantial summer war chest for the Spaniard, Gillett is not convinced the likes of United and Chelsea can be caught straight away.

He said: "I don't know if we are capable of challenging for the title next year.

"We want to make progress but it is a multiple-year programme. We want to challenge but we won't do it overnight.

"Manchester United are formidable competitors, Arsenal are one year older with brilliant young players and Chelsea are perhaps the greatest club in the world. They're not going to get any worse.

"Next season is up to Rafa Benitez and our chief executive Rick Parry.

"They have a plan and we're working on it. We're right behind it but we've got a big job to do."