John Barnes told Sky Sports News that Liverpool's owners must give Kenny Dalglish money to spend.
Barnes urges Americans to back Dalglish again
John Barnes has urged Liverpool's owners to give Kenny Dalglish the money to mount a title challenge next season.
The Anfield legend says the current squad is still two or three players short looking like adding to their 18 titles, surpassed by bitter rivals Manchester United this term.
New owners John W Henry and the Fenway Sports Group have Dalglish a permanent contract and splashed out a combined £57million on Andy Carroll and Luis Suarez in the January transfer window.
The decisions paid dividens with a sixth-place finish, but Barnes says more money is needed if Liverpool are to build on that next season.
"I'm positive that Kenny Dalglish can maximise the potential of the squad as he has shown, which meant that they finished sixth," he told Sky Sports News HD.
"They could've finished fifth but coming from where they were, it was fantastic.
"They still need investment because you can see that the squad isn't as strong as the top four, if you like.
"I would urge caution from everybody connected with Liverpool to then all of a sudden be putting Kenny under pressure to win the title with this squad.
"It's good enough to challenge for a top-five position, as they have shown, but then to challenge to a top one or two position, they still need two or three players.
"I'm hopeful that Kenny will be given the money to do that and if that happens I feel they can mount a challenge for the title.
"Without that I don't think they can challenge for the title."