£350m finance deal announced for Liverpool

Liverpool's owners today announced they have completed a £350million refinancing package - and stated that they are fully behind manager Rafa Benitez.

The announcement of the package had been widely expected and American Tom Hicks and George Gillett are now looking to build bridges with Benitez.

The Spaniard's position had been undermined after Hicks confirmed he had sounded out Jurgen Klinsmann as a possible replacement if Benitez were to leave.

Hicks said in a statement today: "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.

"Reflecting that support, Kop .5Holdings.375 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."