As a change to the usual articles which seem to focus on recent years, I have decided to examine Liverpool's failures, in the transfer market over the last 20 years under each different individual manager.
First up is Graeme Souness.
As any Liverpool fan will know, Souness was a fantastic player for the club, arguably one of our best ever. Signed by Bob Paisley from Middlesbrough in January 1978 for a fee of £350,000, Souness joined fellow Scots Alan Hansen and Kenny Dalglish in Bob Paisley's reshaped team following triumph in the previous seasons European Cup. It turned out to be a very shrewd piece of business by Paisley as soon would become the driving force in one of the all time great Liverpool teams.
Souness was named club captain at the beginning of the 1981/82 season and would go on to lift many trophies over the next three seasons before departing for Sampdoria.
His final game for the club came in the European Cup final when Liverpool defeated AS Roma in a penalty shootout best remembered for the antics of goalkeeper Bruce Grobbelaar.
Souness's Liverpool career ended in 1984 after 358 appearances and 56 goals. During his time at club he won five League titles, three European Cups and four League Cups.
Following his time with Sampdoria, Souness would go on to become Player/Manager of Glasgow Rangers where he had a lot of success, winning three League titles and four Scottish Cups before resigning in April of 1991 to accept an offer to become manager of Liverpool.
Unfortunately for Souness, and for Liverpool, his stint as manager did not yield the same success as his playing days. He left the club by mutual consent in January 1994 after Liverpool had suffered an embarrassing defeat at home to Bristol City in the third round of the FA Cup. During his time at Liverpool he managed to win only one trophy, the 1992 FA Cup. There are many reasons why Souness failed so spectacularly as manager of Liverpool, but in my opinion, his track record in the transfer market is the most prominent of them.