Kop hero wants a longer deal to stay in charge at Anfield.
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Liverpool manager Kenny Dalglish has been offered a new two-year deal and bumper £50million transfer budget to remain at the club by the Anfield board.
The Sunday Express reports the Kop idol is in negotiations with American owners John W Henry and Tom Werner.
But Dalglish, who has single-handedly transformed Liverpool’s fortunes and ambitions since taking over from Roy Hodgson in January, is said to be holding out for a four-year deal.
The board will not offer the 60-year-old such a long-term contract but will compensate their man by giving a substantial transfer budget for the summer.
Negotiations are ongoing with Dalglish wanting a lucrative salary to guarantee against the lack of job security with commercial director Ian Ayre as the mediator.
Henry was very pleased with Dalglish’s shrewed trading in January following the sale of Fernando Torres to Chelsea for £50million.
With the funds the Scot brought in Luis Suarez from Ajax and Andy Carroll from Newcastle United as replacements and the American is happy to give his manager a similar amount to spend.
The director of football strategy, Damien Comolli, is already working on a number of big-name transfers.