Torres

INTERESTING to hear this week Liverpool striker Fernando Torres talking about the difference between coaching in Spain and England.

He said: 'Rafa (Benitez) has coached in England and Spain and the ideas are the same.

'But, the difference is that in Spain he is a coach whereas at Liverpool he is the manager, the coach, the one who signs the players, the one who oversees the youth system and the one who decides who is on his coaching staff.

'(Sir Alex) Ferguson and (Arsene) Wenger are examples that in England, even when you do not win things, managers are given time.'

No wonder he went on to say:...

Liverpool must repay £31.5 million to banking institutions in little more than a year or risk having to sell Fernando Torres and Ryan Babel.

The Times has learnt that Liverpool borrowed the money to sign Torres, the Spain forward who has scored 30 goals this season and has already become a firm favourite on the Kop, from Atlético Madrid last summer. The club then refinanced that debt on January 25, at the same time as they secured a £350 million refinancing package.

Liverpool entered into an 18-month loan agreement with interest of 9 per cent — £2.8 million a year — with a letter of...