The jury is out and divided on what the owners of Liverpool should do in the face of the current slump – one that will possibly see them out of Champions League action next year.
While The Sun columnist and former Arsenal legend Ian Wright called on the Fenway Group to back manager Kenny Dalglish, former Liverpool striker John Aldridge has insisted his old club are "in a crisis".
"There is no getting away from the fact that Liverpool are now in a crisis," Aldridge, who played under manager Kenny Dalglish in the 1980s during the Anfield great's first spell in charge, wrote in Tuesday's Liverpool Echo.
"To lose six out of seven in the league is something the club won't ever tolerate, we can't tolerate that.
"To have picked up just eight points out of 36 since the turn of the year is shambolic -- that's relegation form.
"The eyes of the world are on Liverpool and the critics are having a field day. We're becoming a laughing stock.”
A much more realistic impact of Liverpool’s slide will be their inability to hold on to the players they need to keep.
The vultures are already circling and faced without any Champions League action several Liverpool first-teamers are likely to leave.
Real Madrid are targeting Glen Johnson (and Kyle Walker of Spurs) to fill their problem right-back position.
According to Madrid newspaper Marca, Madrid is planning to raid the Barclays Premier League and Johnson, 27, who would not cost more than £12.5million, is being looked at to match the prowess of Marcelo on the opposite flank.
Aldridge added the bulk of the blame rested with the players, rather than Dalglish, who has nevertheless come under fire for his transfer market dealings, with Andy Carroll, Stewart Downing, Jordan Henderson and Charlie Adam, who between them cost some £85 million, having so far failed to produce the goods.
"They are getting paid unbelievable amounts of money and aren't producing the goods.
"Some of them should take a long hard look in the mirror.
"They are playing for Liverpool Football Club - one of the biggest clubs in the world - it doesn't get much better than that.
"They need to realise how lucky they are and start doing it or their Anfield careers won't last much longer."