BREAKING NEWS: Kenny Dalglish leaves Liverpool

Liverpool have parted company with manager Kenny Dalglish.

The 61-year-old returned to England on Tuesday having flown to Boston on Monday to hold showdown talks with Liverpool’s owners FSG.

Dalglish masterminded his side’s League Cup success this year - the club’s first trophy since 2006 - but failed to secure a top-four finish having been allowed to invest over £100 millon on new players since he returned to the club in January 2011.

Liverpool ended their Premier League campaign in ninth-place, a worst-ever finish for the club since the formation of the league 20 years ago.

In addition, their points tally of 52 points marked the poorest return since the 1953-54 season when the club were relegated from the old First Division.

In addition, the Reds' claimed just six league wins at Anfield all season, the worst record at home in a league season since 1948-49.

Dalglish, along with director of football Damien Comolli, have been criticised for the inflated transfer fees invested during the former's reign.

Andy Carroll, who has scored just six times in 46 appearances, arrived for £35m, before midfield trio Charlie Adam, Jordan Henderson and Stewart Downing, the latter contributing not a single goal or assist from out wide during the entire season, were brought in for a collective fee of around £45m.

More to follow.