For me, it started in the early 1990's.
I still remember when, at the time there was a requirement to field young english players (I forget the name of the rule now), we went out and bought .... David Speedie, and old scottish player.
It was when, all of a sudden, the legends from the 80's (Hansen & Lawrenson in defence, Rush, Dalglish etc) retired, and whereas under Paisley (and I assume Shanks - not around when he was in charge) we had readymade replacements, now we didnt - the cupboard was bare.
Maybe we didnt have the money - but what if we had tried to expand Anfield (not just add the Upper Centenary to the Kemlyn road stand) when the Mancs were building up OT a piece at a time. Like it or not, commercially, we have been at least a decade behind Arsenal, United, Chelski etc - and its hard to catch up.
Maybe it's just bad timing, but since money started coming into the league (with Sky) we haven't won the league...
Yes the current owners have turned a bad situation into a nightmare, but the decline started at least a decade before they came to the club.
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