Liverpool chairman Tom Werner insisted that manager Kenny Dalglish's job is safe and backed the Anfield legend to bring the good old days back to the misfiring club.
Werner spoke out just hours after director of football Damien Comolli left, a development which came after a poor run which had seen the team lose five out of six matches.
But with the League Cup safely secured and an FA Cup semi-final date at Wembley on Saturday, Werner was quick to assure fans that Dalglish enjoys the "full support" of owners Fenway Sports Group.
"We've got great confidence in Kenny," he told liverpoolfc.tv.
"We feel the team is going to make strides in the future and he enjoys our full support."
Werner also said that the club's transfer strategy was solid and would pay dividends despite question marks over the likes of Andy Carroll (£35m), Stewart Downing (£20m) and Jordan Henderson (£16m).
"We've had a strategy that we have agreed on. There was some disconnect on the implementation of that," said Werner, who confirmed they had made the decision to remove Comolli.
"That strategy is a strong one and it will continue. We need to build a strong system under the first team. We're hard at work identifying transfer targets and we will be better next year.
"Frankly, we make these decisions with a great deal of care because it's our track record in Boston to give people authority and we've had great success with our manager, who was there for eight years, and our general manager, so we prefer stability.
"But when it's time to act, we need to act. We're coming close to the end of the season and the transfer window for the summer, and we felt it was important to make this change expeditiously.
"We feel there is enough talent on the pitch to win and I would say we certainly have the resources to compete with anybody in football.
"But we're also talking about the future - we have a strategy we need implemented and we felt Damien was probably not the right person to implement that strategy."
Principal owner John Henry's target at the start of the season was to make it back into the top four but Liverpool's recent run of poor results scuppered those chances.
"We've been dissatisfied, as most supporters have been, with the results so far," said Werner, of Liverpool's eighth-placed league position.
"We feel we are a club that needs to be perceived as the strongest club in football and we want to get there."