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Liverpool boss Benitez accepts transfer budget will be cut after Euro failure

Liverpool boss Rafa Benitez accepts his transfer budget will be cut if they fail to get out of their Champions League group.

After defeat to Fulham yesterday, Liverpool face a must-win game at Lyon this week to keep their European chances alive.

"It will not make a massive difference when you look at the long term. We are looking beyond just the next transfer window," said Benitez.

 Click here for more Liverpool news and words from Benitez

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