Liverpool's new co-owner Tom Werner insists manager Roy Hodgson's job is safe and he will be given transfer funds.
Fellow co-owner John W Henry has also given his backing to Hodgson, whose side have picked up only six points from their opening seven Barclays Premier League games.
Werner, the chairman of New England Sports Ventures, who bought the Merseyside club for £300million this weekend, told BBC Radio Five Live's Sportsweek programme: "He (Hodgson) needs to be given time. We have a lot of confidence in Roy."
He added: "Nobody can be pleased about the start of the season but the club ought to gel. We had a nice chat with him yesterday (Saturday) and look forward to talking to him tomorrow."
Werner, who revealed the new owners would be meeting supporters' representatives on Monday, added: "The one prescription for disaster is to lurch to the left and lurch to the right.
"We see no reason why Roy can't be our coach this year and in the future. We're certainly going to give him time.
"I don't want to make too many promises except that we expect the fortunes of the club to improve."
When asked if the owners would be providing Hodgson with "reasonable" funds, Werner replied: "Yes, absolutely."
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