Many Liverpool fans have been flocking to a piece co-written by James Pearce for The Athletic.
The article focuses on what not qualifying for the Champions League at the end of the 2020/21 campaign would mean for the Merseyside club, and that two consecutive seasons out of Europe's elite competition would bring "consequences" for the Anfield outfit.
Pearce also touches on how the Fenway Sports Group (FSG) were reluctant to spend the money on a few key transfer targets as they felt they did not give good value to the club.
With the long-term injuries to Virgil van Dijk and Joe Gomez, as well as Joel Matip for large parts of the campaign, Jurgen Klopp's men were in desperate need to bring in an experienced central defender in the January window, but only ended up signing Ozan Kabak on a loan deal and Ben Davies from the Championship for a mere £1.6m on deadline day, in what seemed like two panic buys at the time given how late in the window they arrived.
The owners' reluctance to go out and spend big in order to try and defend their Premier League title could ultimately come back to cost the club, and several Reds supporters have been left far from happy.
Liverpool fan reaction to Pearce update
These Kopites turned on FSG on Twitter after reading the update from Pearce:
"The owners have to take some responsibility for wherever we end up this season due to their mishandling of the January transfer window. £4m investment since 2019, in the same time City have invested £150m in their squad, it was obviously going to catch up to us"
"Not just last season, it's been year's of FSG not investing in the team and the ultimate price is being paid now."
"FSG reaped what they sowed, spending £20m per season sell to top the kitty attitude - has well and truly imploded this season."
"The owners think about the club? That's new, James."
"Penny pinching to not spend big on a CB on 1st Jan will cost FSG so much more without CL football so it's completely and utterly their own fault but we'll all suffer. Players won't want to come to @LFC, more poor results will cause more pressure on Klopp, it's a vicious circle!"