Liverpool spent £10m sacking former manager Kenny Dalglish

Dalglish was replaced by Brendan Rodgers

Kenny Dalglish did not get Liverpool back into the Champions League (Getty Images)

Liverpool's dismissal of Kenny Dalglish as manager cost the club nearly £10m, new accounts reveal.

They paid £9.6m in termination payments in the 10 months to June last year. The club also lost a total of £40.5m in that period and net debt rose by £22m to £87m.

However, despite a wage bill that equates to £131m over a full year, the managing director, Ian Ayre, claimed the figures represent a transitional period and "a new transfer strategy" is in place.

He said: "This shows in players like Jose Enrique and Sebastian Coates. We will continue to invest in players and have a better structure in deals with them."