Rafael Benitez has left Liverpool, reportedly by mutual consent. Benitez, who took over from Gerard Houllier in 2004, found his position untenable after a disappointing season which saw Liverpool finish seventh in the Premier League, just 12 months after being runners-up to Manchester United.
The club have released a statement on their official website which reads: "Liverpool FC today confirmed that Rafael Benitez is to leave the club by mutual consent.
The board has now asked Managing Director Christian Purslow, with the assistance of Club Ambassador Kenny Dalglish, to begin a formal search to identify and assess potential candidates for the managerial position.
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