Liverpool have reported a loss of almost £50m for the last financial year as a result of failed new stadium costs and pay-offs to former manager Roy Hodgson and other staff.

Criticism of Liverpool may be mounting after a run of poor results but manager Kenny Dalglish will not bow to the Twitter generation who crave instant success.

Manchester United are falling behind Barcelona and Real Madrid in the ‘Money League’ of the world’s richest clubs, according to a new report.

Liverpool have struck a six-year deal with Warrior Sports that will see the American company replace adidas as the club’s official kit supplier.