Liv should be competing with Arsenal and Spurs, there's no getting around that. They started from a stronger base than us and have spent a lot on top of that. We are in the next band down right now ie Everton, Swansea and the overperforming Wba.
Think the american investors have the CL as their baseline...You only need to look at Rodgers grandoise statements about 3rd and so on he's made over the last couple of months.