Reds announce refinancing package

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The announcement of the package had been widely expected and Americans Tom Hicks and George Gillett are now looking to build bridges with Benitez following Hicks recently confirming he had sounded out Jurgen Klinsmann as a possible replacement if the Spaniard were to leave.

Hicks said in a statement: "Since the meeting with Rafa on December 16th, at which some widely reported communications issues were discussed, Rafa has been assured that he has continuing and enthusiastic support as the club's manager."

He added: "Reflecting that support, Kop {Holdings] recently approved his transfer payment request to sign Martin Skrtel for £6.5million and is in discussions with Rafa and club management regarding additional player signings this summer.

"Rafa is under contract for two more seasons following this season. I am solidly behind Rafa and am confident of the team's competitive prospects under his continuing leadership."