So the manager who was voted manager of the year by his peers last season was an "awful choice", sorry, I don't get that. You can't hold him responsible for the fact that some of the players under his charge have lost the ability to pass the ball 5 to 10 feet.
Liverpool's finances have been in the brown stuff since the start of the credit crunch, what 2 or 3 years now, because they were purchased with borrowed money by the current owners. Once the change of ownership happens the debt will be cleared and they can go back to being relatively stable, in financial terms anyway.