Brendan Rodgers was appointed the new manager of Liverpool on Friday, the Premier League club announced, after joining from Swansea.
The 39-year-old Northern Irishman succeeds Anfield great Kenny Dalglish, who was sacked last month after his second spell in charge ended with Liverpool finishing the season a massive 37 points behind champions Manchester City.
The Merseyside club's American owners the Fenway Sports Group (FSG) had given Dalglish more than £100 million (159 million dollars) to spend in the transfer market since he took over from the sacked Roy Hodgson, now in charge of England, in 2011.
But expensive signings such as Andy Carroll, Stewart Downing, Jordan Henderson and Charlie Adam have largely flopped, with Liverpool's eighth place finish their worst season-ending position for nearly two decades although they did win the League Cup.
Swansea, in their first Premier League season, finished 11th and also took four points off Liverpool in their two league games.