If Liverpool can get back into the Champions League and become genuine title contenders again under Brendan Rodgers, it would represent an exciting new chapter for English football.
You might not be a Liverpool fan, but you can only respect and admire the way they are going about things. Rodgers is working on a budget, operating with intelligence in the transfer market and instituting a fine philosophy throughout the club.
The Liverpool manager understood from Swansea chairman Huw Jenkins that you don't have to spend £20-£30 million each on a slew of big-name players to do well in the Premier League. Swansea bought in Michu, for example, and polished rough diamonds such as Wayne Routledge and Scott Sinclair.
If Liverpool can achieve success with that mentality it will give a lot of other clubs real hope. The likes of Everton, Newcastle United, Arsenal and Aston Villa will be shown you can realistically compete with a sound financial philosophy underpinning your operation.
I'm all for people pouring money into British football, but what better signal of health for our game than seeing a team like Liverpool win the Champions League without spending £500 million to get there?
I do think Liverpool need a new stadium to achieve consistent success, however. Renovating Anfield is an option, but I'd much rather see a brand new, 80,000-capacity stadium be delivered to the city. They could put five stars up, and pay tribute to Liverpool legends like Bill Shankly and Bob Paisley with statues outside.
The land shouldn't be prohibitively expensive—this isn't central London we're talking about here. If Liverpool and the local council worked together I feel certain they could come upon a project to get people excited. Once you get 80,000 coming in, your revenue stream goes up and you're on the same footing as Arsenal, Manchester City and Manchester United.
We shouldn't underestimate the impact of John Henry's Boston Red Sox winning the World Series either. Henry will be waking up happy in America today, and it might just get him thinking now is the time to push Liverpool to the next level.
Don't be surprised if Liverpool make a serious statement of intent or two in the January window. I'm not saying they'll spend big; just that you may find they attract a big-name star to join the likes of Luis Suarez at Anfield.
If Liverpool were to bring back the good times, the impact on the city as a whole would be huge. Look what happened to Manchester in the 1990s, as Sir Alex Ferguson's team became a dominant force and caught everyone's attention. Businesses starting to come to town, as did tourists and their money.
A successful, self-sufficient Liverpool team would revitalise the city. Moreover, it would be an inspiration to clubs across Europe—demonstrating a route to glory that doesn't rely on petrodollars.
Liverpool are as close to the German model of Borussia Dortmund, Schalke and Borussia Monchengladbach as we have in England. We should champion their every success for that reason and hope a great club can return to the great days they made their name on.