Liverpool reject Manchester City’s £40m bid for Raheem Sterling

Manchester City have failed with a renewed bid for Liverpool’s Raheem Sterling despite increasing their offer by £10m (€14m).

The Merseysiders flatly refused £25m (€35m) plus £5m worth of add-ons last week and, despite a considerable improvement, they are still not inclined to sell for anything below their valuation of at least £50m (€69m).

City are the only club to formalise their interest in the 20-year-old and so the ball remains in their court and much will depend on how far they are prepared to increase the number of home-grown qualified players in their squad.