I think we will all accept that our club is now at a crucial juncture in its history.
We haven't won the title in 14 years, we have struggled to establish ourselves in the Champions League and we have fallen miles behind Man UTD, Chelsea and possibly Arsenal as well as far as muscle goes in the transfer market.
Whats more we are currently managerless (Phil Thompson nothwithstanding) and a dubious stranger from Thailand is seeking 30% of our club and more worringly, 2 seats on the board.
I think that its time for a major re-think in the club's entire strategy.
I have noticed a new trend in recent years in Europe.
If you follow the Champions League closely you will see that a number of smaller clubs are beginning to upset the applecart of the European giants.
This year Porto won the European cup, beating another club with small resources, Monaco, in the final.
Another club with relatively modest resources, Valencia, won the UEFA Cup.
In 2002 Bayer Leverskusen, again a smaller club, reached the Champions League final.
Valencia reached the Champions League final in 2000 and 2001.
Also look at the European leagues.
Werder Bremem upset the giants of Bayern Munich to win the German league.
Valencia have now won 2 out of the last 3 Spanish leagues (quite possibly the toughest in the world).
Real Madrid, despite spending hundreds of millions in the last couple of years in transfer fees and wages, were lucky to finish in 4th place in Spain.
Deportivo La Coruna and Valencia, two regional clubs in Spain, are challenging and beating the established order of Real and Barcelona.
My point is that the likes of Deportivo, Valencia and Porto has show that it is possible to challenge the established oder and win with modest resources.
Look at Porto for example.
They have no real stars, although in fairness Deco has made a big name for himself this year.
Their success is based on strict adherence to first principles of football. They defend extremely well, are hugely disciplined and every player gives 100%. Most importantly of all they have a superb manager.
Valancia and Deportivo (aside from their 3-8 defeat to Monaco!) also defend superby and play as a unit.
These three sides are real "teams" in that every player knows exactly what his role is and gives everything for the side.
Liverpool need to learn from the likes of Porto, Deportivo and Valencia.
There are no reasons why we could not emulate them. We are much wealthier than them and have a greater history, so we have the advantage over them in that we have more money to spend in the transfer market and could hold onto out top players by paying them large wages.
However, we need to look at these sides and learn from their strict adherence to first principles of football: defend doggedly, be disciplined, hold the ball and be fast and decisive in attack.
In my opinion the first step is to sign a top class manager who knows how to organise a team and get the best from his players. I would be prepared to break the bank to get a top guy in rather than blow £14million of a striker, for example.
We should then support this new guy as best we can. If he wants to sell 10 members of the squad and get in guys whom he trusts and can rely on to deliver his proven type of football, so be it.
We almost succeeded with this in appointing Gerard Houllier and in a fashion Houllier tried to model his Liverpool side on what Valencia, Deportivo and Porto are doing now. The problem with Houllier is that he wasn't quite good enough, had a poor record in the transfer market and while he was successful for a while in establishing the team as a side that was hard to beat, he didn't understand or was unable to accomplish a slick attacking capacity, which Valencia, Deportivo and Porto have managed.
I have a feeling that when Gerard Houllier watched the European final on Wednesday he was thinking: "Thats what I was trying to do at Liverpool".
Unfortunately Houllier wasn't skilled enough.
They new manager has to be 100% suitable for the job and must look to the three sides I have mentioned above as his model.
We should no longer follow the policies of the last 14 years where we tried to imitiate Man UTD in the transfer market. We should bring an end to the days when we would spend £8.5million on the likes of Stan Collymore.
Liverpool should forget about trying to sign "star names" and instead go back to basics of setting up a proper "team" that knows how to defend, support each other and be potent in attack.
Some of the ground work is already there. Gerard Houllier was not all bad for Liverpool. He has left many positives.
We need to understand that its pointless trying to emulate Chelsea and Man UTD from now on. We just can't compete in financial terms. However, just because we can't compete in financial terms doesn't mean that we can't compete in footballing terms.
Even in our heyday we were never the richest club in the world. Other clubs on the continent could pay more in wages and lure the likes of Platini, Cruff and Maradonna to their sides.
Yet we still went on to dominate Europe.
How? In some ways we were the Porto or Valencia of our day. We had real "teams" that worked as a whole and never conceeded nothing to the opposition. We had no Maradonnas, Platinnis or Cruff's but we still went out there and won.
The first step is to get in the type of manager who can deliver what I'm talking about.