After firing manager Kenny Dalglish on Wednesday (per the team's official website), Liverpool have to make sure they sign the right manager who can succeed in the transfer market, or the club won't finish in the top four of the Premier League for a long time.
Dalglish was a Liverpool legend as a player and won multiple trophies, but he failed to deliver the same results to the club as manager.
Former Reds player Dietmar Hamann recently stressed the importance of this summer for the club, and the affect it could have on the future at Anfield. According to the Daily Mirror (via ESPN Soccernet), he said:
If they don't make the right decisions, we may not see Champions League football at Anfield for the next five or 10 years, which is a very likely scenario at the moment.
Hamann further spoke about the importance of earning Champions League football, and that the club will have trouble spending money with the teams who do qualify for European play. Top players are also going to be hard to sign if Liverpool cannot offer them Europe's premier club tournament.
Via ESPN Soccernet:
It's a vital summer for the football club to make the right calls, because it's now three years running [that Liverpool have not finished in the Champions League places] and obviously the longer you go without any Champions League, the further you fall behind.
The best players won't come to your club and you probably can't afford them anyway because there is so much money in the Champions League.
The Portuguese man was under way too much pressure at Stamford Bridge and had several arrogant, veteran players who wanted to do things their way. At Liverpool, he won't have much of that since it's a younger squad.
Players will want to come to Liverpool if Villas-Boas is the manager.
He wants to play attacking football, and he's young enough to really understand today's game. After failing to score enough goals this year, the new manager has to add attacking talent in the transfer window.
With Dalglish gone, the Reds may be able to finally strike gold in the transfer market regarding attacking players. King Kenny did a poor job identifying forwards, wingers and attacking midfielders in the transfer windows, with the exception of Luis Suarez.
The new manager has to dominate the transfer market, or Liverpool will not be a top-four contender in the Premier League for many years to come.
Firing Dalglish was the right move. Now, it's time for Liverpool to hire a strong manager and sign some players ready to start in the squad who have attacking quality.