Houllier's side face a battle to qualify for the Champions League
Liverpool chief executive Rick Parry has suggested Gerard Houllier is likely to stay as boss even if the club fail to qualify for the Champions League.
There has been speculation Houllier will be forced out if the club do not finish fourth in the Premiership.
Asked if Houllier's position rested on Liverpool qualifying for the Champions League, Parry told the club's website: "No, of course it doesn't.
"Statements saying this will happen if we come fifth are not helpful."
Liverpool currently hold fourth place, but only on goal difference from Newcastle, while five other clubs are all within five points.
"Fourth is essential, as we have said all along. For all sorts of reasons we really do need to clinch that.
"There's a huge financial gulf between the Champions League and the Uefa Cup and it makes life difficult.
"We want to be challenging for honours, clearly, and I think we all feel as disappointed and as frustrated as the fans.
"You can never guarantee that you are going to win the league, but we should be challenging. We really should be a title contender," said Parry.
"Clearly there is a whole series of different factors which I won't go into as to why that hasn't happened.
"There's no way that fourth should be a long-term acceptable target. That's partly why we have our financial advisers on board to re-look at our strategy," added Parry.
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So if fourth is "essential" and we fail to manage it for the second season running, how exactly is keeping Houllier on the solution?!?!?!?!?!?

"We should be a title contender" - well I've go news for him - we're not! We have not come close to challenging, even when we managed 80 points in one season. In fact we've been outside the top two for 4 of the last 5 seasons.