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There will also be expert analysis from BBC football pundits Alan Hansen and Mark Lawrenson.
BBC: World Cup coverage
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"In terms of a coach, he's very much glass half-empty rather than glass half-full, " said Mark Lawrenson, the former Liverpool defender.
WSJ: Roy Hodgson to Coach English National Team: England's 'Second Choice' Gets His Chance
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But former Liverpool defender Mark Lawrenson, who was co-commentating for BBC Radio 5 live at Wednesday's game, was dismayed by the club's latest defeat.
BBC: Manager Rafael Benitez vows to fight on at Liverpool
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Rafa Benitez, Roy Keane, Robbie Fowler, Alan Hansen and Mark Lawrenson were also at the service, along with former Everton managers Joe Royle and Howard Kendall.
BBC: Footballing greats remember Gary Ablett
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The familiar team of Alan Hansen, Mark Lawrenson and Jimmy Hill will join Desmond Lynam on World Cup 98 Live, with special guest presenter David Ginola.
BBC: TV at the heart of France 98
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Former player and soccer commentator Mark Lawrenson, who won the European Cup with Liverpool in 1984, told CNN the news would be welcomed by many associated with the club.
CNN: American owners to sell Liverpool
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The team will be able to boast 13 Cup winners' medals between them, with Alan Hansen, Mark Lawrenson, Peter Schmeichel and Mark Hughes joining Gary Lineker in the studio.
BBC: has the Cup final covered!