On the 4th of November 2004, Liverpool Football Club unveiled a plaque at Anfield in the memory of Billy Liddell. At the unveiling of the plaque, inside the Kop by the entrance to the Club's museum, was Billy's widow Phyllis, Tommy Smith and Ian Callaghan, the man who eventually replaced Liddell in the Liverpool side.
Phyllis said on this occasion: "This is such a great day for me and I'm sure Billy would have been very proud. The fact that so many fans still talk about Billy today, so long after he gave up playing, means he must have done something right for Liverpool. It's been a lovely day at Anfield and it was so nice to see people turn up to look at the plaque. I'm really touched."
The plaque reads: "The great Billy joined Liverpool from Scottish Junior football in 1938. After RAF wartime service he made his League debut in 1946, winning a title medal that season and an FA Cup runners-up medal in 1950. His loyalty, versatility and consistency illuminated Anfield's gloomy era in the old Second Division. His deeds were such that the club was dubbed "Liddellpool". He and Sir Stanley Matthews were the only players to appear in the two Great Britain teams to take the field. Exemplary sportsman, he was never booked throughout his career. He trained only twice a week due to his accountancy work. "Billy would be beyond price in any era", proclaimed his fellow legend Bob Paisley."
"In 1950 an agent acting on behalf of clubs in Colombia, in South America, approached several English players and influenced them to go out to Bogota, the Colombian capital, to play for leading teams there. The Bogota clubs were supposed to be exceedingly lucrative, because Colombia had broken away from FIFA. Franklin and George Mountford, one of his Stoke City colleagues, were the first to go, and they were followed by several other English and Scottish players. As a matter of fact I was approached myself by the English agent with an offer of £2,000 to sign on, with top wages and hefty bonuses. It was enough to make anyone consider the matter seriously, and I certainly gave it a lot of thought. If my twin boys had been four or five years old, instead of only a few months, I would have had a still harder decision. The fact that they were so young finally decided me against accepting the offer. Later on, after hearing of the conditions in Colombia, I was jolly glad I had stayed at home."
The closest Billy ever came to leaving Liverpool was possibly in 1950 when a Colombian club offered him lucrative terms