Some interesting talking points, we can certainly conclude that we are stuck with Kermit for the forseeable future....
The Liverpool chairman David Moores last night flung his support behind his beleaguered manager Gérard Houllier at a fractious annual general meeting, but admitted he would consider his own position if matters failed to improve at the club by the end of the season.
Houllier and the Liverpool board were subjected to a barrage of criticism from disgruntled shareholders at Anfield, and the Frenchman, stony-faced and clearly unsettled, was first to depart the top table at the end. The manager's transfer policy and the commitment of some of his players came under fierce scrutiny, with one shareholder earning a round of applause after stating he felt "very sadly let down" by those at the club.
"It's been a sad night, a sad night for me personally and the rest of the board," said Moores, who owns a 51.6% stake in Liverpool and whose family have been involved with the club since the 1950s. Moores has been chairman since 1991 and has experienced his own frustrations this season with Liverpool currently 20 points from the top and eight points from the relegation zone.
"I didn't expect an easy ride in this meeting because it's not been good enough for our club," Moores added. "But I still believe in the values of Gérard. Maybe, in time to come and if it gets any worse, I'll have to look at my own position because the buck stops with me, the chairman. If it means I have to dilute my shares or even sell to another Abramovich, I will. But we are not going to sink the anchor halfway through a season. At the moment we carry on and try and get through this. I believe in what the manager has planned for the future."
For the first time in a Liverpool AGM it became clear that many shareholders do not share that unswerving belief, though the chief executive Rick Parry declined to answer one questioner demanding to know the "non-financial implications" of non-qualification for the Champions League next May, implying Houllier's removal as manager.
"The reality is we are not sixth from bottom but sixth from top," said Parry, who saw a 4% rise in the club's turnover to almost £102.5m and a pre-tax profit of £3.6m overshadowed by the criticism from the floor. "We are firmly in the belief that we are going in the right direction. All being well, we'll be amongst those places [the top four] come May."
The means of achieving that were outlined by Houllier in his own speech though Liverpool's manager of five years admitted the players he had brought in the summer before last- the trio of El Hadji Diouf, Bruno Cheyrou and Salif Diao cost a combined £18m - had failed to make the expected impact.
"I'll hold my hands up in the knowledge that some of the recruits have not delivered," he said. "Some of the players brought into the club in 2002 have not shown what they can do and are not producing. But they, like the rest, are desperate to do well. We need patience. If we stick together we will come through this together.
"We want to keep the basis of the team together. We don't want to throw the baby out with the bathwater.
"We need to improve the squad by bringing in outstanding players, like the four we bought this summer. I have no intention of bringing anyone in this January." Even Houllier's belief that Michael Owen would sign a new long-term contract at Anfield did not appease his audience, who were nevertheless relieved at confirmation that Liverpool would pull out of the construction of a new stadium if the costs threatened to soar above the estimated £80m. The club's third largest shareholder, the building magnate Steve Morgan, reaffirmed his willingness to inject fresh capital into the scheme.
"It's a night when the shareholders have shown their frustrations," said Morgan, the former owner of the Redrow housebuilding group. "We spent tonight talking about catching up with Manchester United, but 14 years ago we were ahead of United in terms of trophies, finance and level of support."