Kenny Daglish did not renew the core players of Barnes,
Beardsley, Rush, Hansen, Grobelaar, Steve Nicol etc, after winning
their last league title in 1990. In 1991, he brought in David
Speedie (dun ask me why he bought him), who was 31 then. obviously
he wouldnt be an outright replacement for Rush, who is going into
his 30s. He then quitted in mid season in 1991. The liverpool board
appointed Graeme Souness, who was Rangers manager then. The rot
really started when Souness came in and sell a whole bunch of
players, like beardsley to everton, steve staunton to villa, steve
mahon etc and brought in the likes of mark wright, saunders, nigel
clough, paul stewart, mark walters etc. He won the fa cup in 1992
and then resigned in 1994 before the board made another dud
appointment, roy evans in 1994 as replacement. he won the league
cup in 1995 while man utd kept winning titles after titles. in
1997-98 season, the board brought in gerard houllier as co manager
before evans was given the boot and houllier appointed as the sole
manager.
Although Houllier won the treble of cups in 2001, league, fa cup
and uefa cup, the distance between them and utd is just too great.
in 2004 - 2005 season, Houllier was sacked and Rafa was brought in
and won the CL in his first season.
in a nutshell, the rot started when daglish resigned in 1991 and
a series of dud appointments started the rot. instead of rebuilding
its ageing squad after winning the 1990 league title, the board
appointed a series of dud managers and money was wasted on dud
players like clough, stewart etc. simply Liverpool has wasted so
much time and money on disastrous appointments and flop players,
while its hated rival begun their ascent in 1993 to present. seems
like rafa is not the manager who is capable to bring liverpool to
its former glory. if he is sacked and replaced by another dud
appointment, I am afraid history repeat itself.