Liverpool co-owners Tom Hicks and George Gillett are set to commit to the club long-term.

The Sunday Mirror says they are set to issue a statement of intent about their long-term commitment to the club by landing a £350million refinancing deal.

Accountants from the Royal Bank of Scotland and Wells Fargo are currently examining Liverpool's financial figures with a view to agreeing a loan package that will ease the pressure on the two Americans.

The move could also bring an improved summer transfer budget for manager Rafa Benitez, who has made Carlos Tevez his No.1 target, but is unable to meet the £25.5m price being asked by the Argentine's owners.

The deal will hinge on Hicks and Gillett pouring more of their own personal finance into Anfield - and the pair are looking to raise funds by selling off some of their other sporting interests in the United States.

An insider said: "Despite claims to the contrary, both owners have spent about £80m of their own money on Liverpool over the past two years.

"They have done so because they are committed to the club and because they always believed a new refinancing package would be agreed. The new deal is now very close to happening."