Roy Hodgson has confessed that there is a lot of uncertainty around Liverpool and the club urgently need a new owner to invest in the team before they can challenge for major honours again.
Liverpool have so far been unable to find anyone with the credibility to take the club and the team forward, but Hodgson has finally spoken out about the problems of Anfield returning to the glory days.
"The stature, traditions and abilities of Liverpool to attract players certainly make it an achievable task, even though we are in strange times at the moment; the club is up for sale and nobody knows what direction it will take if and when new owners are found,'' he told Manager, the official magazine of the League Managers' Association.
Asked if he can attain trophies with the club again, he said: "It's not quite as easy to answer that question as it would have been a few years ago when the situation was far more stable and the money to buy news players was available.
"We hope the situation will change when the club is eventually sold and owners who are prepared to invest in the club come in. When that situation arises I'm pretty sure it won't be difficult for us to start achieving things again, but at the moment the task is really to hang on to the players we've got and make certain we don't have a situation where we have got a total rebuild process."
However, Hodgson refuses to concede the title, despite the problems he faces. "I don't think there's any such thing as false optimism,'' he said. ''There is pragmatism and you should never try to dampen people's enthusiasm and optimism.
"Furthermore, every season you see teams not expected to win titles winning them; it doesn't always go to the favourite in any country. So you should never play down the Liverpool fans incredible desire and passion to keep on winning trophies - and the Premier League in particular - and keep their noses in front of Manchester United."