Liverpool boss Rafael Benitez is angry after being told but the board that there is no transfer money to spend this summer.

It is more bad news for the Reds who endured a horror season by their standards and without any funds to spend on new players, it may make life even more difficult.

Reports suggest that Benitez held a secret meeting with managing director Christian Purslow where it was discussed that he would not have the luxury of spending up on fresh players on the off-season.

Benitez has plans to overhaul his struggling squad but this latest setback may prove to make that plan extremely tough.