Kenny Dalglish is rightly a Liverpool icon.
But his credit rating with Anfield fans might be running low.
His claims that the club is ‘making progress’ don’t really stand up to closer examination.
Yes, they have won the Carling Cup and are through to the FA Cup semi-finals.
But the big aim this season was a place in the top four and a Champions League place the five-times winners once took almost for granted.
American owner John Henry was on record as saying it would be a ‘major disappointment’ if that target was not achieved.
Well, it won’t be – not by a long chalk.
Liverpool are seventh and currently sit 13 points behind fourth-placed Spurs.
And if you want to judge how far Dalglish’s team are from contesting the title again, consider these shocking statistics.
Last season the Reds finished 22 points behind champions Manchester United.
This season they are a whacking 31 points off the top.
In fact, their points total means they are much nearer the bottom than the top of the Premier League.
Dalglish splashed out what now looks a ludicrous £35m on the cumbersome Andy Carroll, who fails even to command a regular first-team place.
Once seen as England’s next centre forward, no-one would let him near the national squad now.
Jordan Henderson, Charlie Adam and Stewart Downing – all bought for big money last summer – have failed to set Anfield alight, while Uruguayan signing Sebastian Coates is seen simply as defensive cover.
To be fair, the controversial Luis Suarez and Craig Bellamy, who was signed on a free transfer, do represent good business.
But the truth is Liverpool are a million miles from contesting for a title they last won in 1990 – and they won’t do it with this team.
That means going out and spending another fortune this summer.
But could it be that the club owners, who also handle baseball’s Boston Red Sox, will not want to hand more money to a regime they are not sure about?
Dalglish has looked something of a dinosaur in his press relations this season, and blaming the home defeat to Wigan on ‘TV schedules’ was embarrassing.
Perhaps Cup success and his exalted status among Reds fans will save Dalglish’s skin.
But it is my hunch there will be changes, with director of football Damien Comolli looking a potential scapegoat for this woeful effort in the Premier League.