BBC Sport’s chief football writer Phil McNulty believes Liverpool still haven’t got over the loss of Luis Suarez to Barcelona in the summer.
The Uruguayan striker single-handedly fired Liverpool to second in the Premier League last season, only two points away from the title, with Manchester City eventually pipping the Reds to the post.
And McNulty feels that Liverpool have never quite recovered from the loss of their talismann, and that the money used improving the squad was poorly spent.
“They lost a world-class player in Luis Suarez to Barcelona in the summer and the other main contributor of goals, Daniel Sturridge, has barely kicked a ball all season because of injury. It is almost impossible to replace that,” McNulty said in a Twitter Q&A.
"Also, no-one can currently make any serious case that that £75m brought in for Suarez has been used wisely. On current evidence, only Emre Can can be regarded as anything like a success."
McNulty was also adamant that the form of four signings in particular have resulted in Liverpool’s demise this season.
"Dejan Lovren has been awful, never looking anything like a £20m defender while Lazar Markovic has also failed to deliver at £20m. Adam Lallana spends too much time injured while Alberto Moreno has declined sharply after a good start."
Meanwhile McNulty also believes that Mario Balotelli has been ‘dreadful’. The Italian striker has scored only one Premier League goal since his £16m arrival from AC Milan in the summer and the journalist thinks he needs to do more to improve his form.
"And where do we even start with the signing of Mario Balotelli? A dreadful decision,” McNulty added. "The fix is to find a way to fix Sturridge, sign another top-class striker, find a world-class replacement for Steven Gerrard and unload the deadwood.
Easier said than done," added the BBC Sport chief.