According to The Times, Dalglish's future is now "in limbo" after he "failed to receive any clarification or reassurances over his position" from the Fenway Sports Group duo.
It is believed that the meeting took place at Dalglish's request as he sought unequivocal support from principal owner John W. Henry and chairman Tom Werner.
The owners are believed to be concerned about handing Dalglish a summer war chest for rebuilding the club because they feel that he, along with former director of football Damien Comolli, overspent on the likes of Andy Carroll, Jordan Henderson and Stewart Downing. Comolli was dismissed from his position last month.
The Times says that Henry and Werner "are keen to do everything in their power to ensure that Liverpool extract more value from the transfer market this summer and Dalglish’s fate will rest largely on whether his employers are willing to back his judgment again.
"In effect, FSG's decision will come down to backing a manager whom it never wished to appoint in the first place or sacking him after only 17 months in charge. Though the review is expected to continue for several weeks, Henry and Werner are understood to be keen to clarify the manager’s position at the earliest opportunity, particularly with the transfer window opening on June 1."
Away from the Dalglish story and the England squad news covered elsewhere on this website, there are some intriguing transfer rumours to be found in the tabloids.
Chief among them is a report in The Sun which claims that
The paper says that the Spanish giants want to offer Drogba, 34, a two-year deal worth up to £5 million a season to quit Chelsea and snub a move to China, Milan or the USA.
The Sun quotes a Barcelona source as saying: "What the team needs is an attacking player who has the presence and strength to trouble defenders.
"Drogba has that profile and is one of the players the club are looking at."
In quotes picked up on by the Daily Mail, Dimitri Seluk said: "Toure has done all he can do at City and needs new motivations. He would like a new challenge. He would not cost much.
"He could sign for many big clubs, like
Finally, Tony Pulis will listen to offers for Kenwyne Jones as he tries to slash Stoke’s wage bill.