Liverpool and manager Kenny Dalglish have parted company.
The 61-year-old returned to England on Tuesday having flown to Boston earlier this week to hold showdown talks with Liverpool’s owners FSG.
Dalglish masterminded his side’s Carling Cup success this year – the club’s first trophy since 2006 – but failed to secure a top-four finish having been allowed to invest more than 100 million pounds on new players since he returned to the club in January 2011.
Liverpool ended their Premier League campaign in ninth place, a worst-ever finish for the Anfiedl club since the formation of the league 20 years ago.
In addition, their points tally of 52 points marked the poorest return since the 1953-54 season when the club was relegated from the old First Division, as the Reds’ claimed just six league wins at home all season.
Dalglish, along with director of football Damien Comolli, have been criticised for the inflated transfer fees invested during the former’s reign.
Andy Carroll, who has scored just six times in 46 appearances, arrived for 35m pounds, before midfield trio Charlie Adam, Jordan Henderson and Stewart Downing, the latter contributing not a single goal or assist from out wide during the entire season, were brought in for a collective fee of around 45m pounds.