Gillett's title doubts

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

But although the arrival of Gillett and fellow owner Tom Hicks has guaranteed a substantial summer war chest for manager Rafael Benitez, Gillett admitted: "I don't know if we are capable of challenging for the title next year."

He continued: "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."