Liverpool Rejects Manchester City's £40m Bid For Raheem Ster

Manchester City have been told that their £40 million bid for England international, Raheem Sterling is way too small for the player of his caliber.

Liverpool had earlier rejected their initial offer of £35.5m before it was improved to nearer £40m when various extras were added.

The Anfield outfit says that anyone who intends to lure the the 20-year-old away from the club must be ready to pay at least £50m.

Sterling, who scored 7 goals and gave 7 assists in 35 appearances for the club has also been linked with a move to the Spanish capital, Madrid as well as The North London side, Arsenal.

Last week, Liverpool turned down a bid of £25m, plus add-ons, from Premier League rivals City.

Sterling joined Liverpool from QPR in 2010 and is under contract until 2017, but has rejected the offer of a new £100,000-a-week deal.

Liverpool manager Brendan Rodgers said last month he expected Sterling to stay at Anfield for the remainder of his current deal. BBC