The Mail on Sunday says Tom Hicks and George Gillett, will today take a huge gamble by telling manager Benitez he has no money for the January transfer window.

The multi-millionaires will break the news to Benitez at long-awaited showdown talks after Liverpool's crunch Premier League clash with Manchester United at Anfield.

It will be a huge blow to the Spaniard, who has asked for money to bring in a top-quality central defender as cover for Jamie Carragher and Daniel Agger, and to tie up Argentine midfielder Javier Mascherano on a permanent deal.

Hicks and Gillett have decided that their current priority is to press ahead with plans for a new 70,000-capacity stadium at Stanley Park and have been advised that buying players in the summer transfer market represents better value for money than the January window.