From today's Telegraph:
"For richer or poorer, we'd sold Liverpool to two ruthless businessmen who saw us as a money-making opportunity," he writes in Carra: My Autobiography.
"They didn't buy Liverpool as an act of charity; they weren't intent on throwing away all the millions they'd earned over 50 years. They wanted to buy us because the planned stadium offered a chance to generate tons of cash and increase the value of the club."
Carragher said the owners' worst mistake was claiming no debt would be put on the club's balance sheet when in fact the loans used created annual interest payments of about £30 million.
"Breaking this vow set the first alarm bells ringing, the embarrassing continual changing of the stadium plans was irritating too," he wrote.
Carragher said the internal strife swelled in the aftermath of the May 2007 Champions League final defeat by AC Milan when Benitez demanded that Hicks and Gillett quickly invest more money in the squad.
"These words sparked a chain reaction that brought problems into the open, almost cost [Benitez] his job, riled Liverpool's owners into an ill-fated meeting with Jurgen Klinsmann, and ended Hicks' and Gillett's honeymoon relationship with The Kop," Carragher wrote.