At this point I think the decline is almost irreversible, anyone disagree?
Agree & Disagree.
Ofcourse they can reverse it but it seems very very difficult.
They do not have CL which is a big factor for big talents to join any club. And they will be entering third season without it. If Tottenham graps the CL spot, then Tottenham will again remain a force, Chelsea will spend big; So any player who wants to join them, will look at the amount of clubs ahead of them & in better position, would be worried of how long he will have to wait/work to reach CL spot.
They do not have any inspiring youngsters within their first team and i am not aware of any in their academy as well. Arsenal despite the crisis have a base where they can field the likes of Wilshere, Frimpong, Coquelin, Gibbs, Miyaichi; which helps not only to avoid spending but also (unfortunately for fans) make money for the club. Liverpool's Transfer out money has only ever been high when they sold Torres and they fecked it up on Carroll.
As you said, their team possess of key players in their 30s in Gerrard, Bellamy, Carragher(though a backup); so they will have to again invest to replace them in another 2 years.
If in next 4 years, they intend to shift to a new stadium, then they are in enter a cycle that Arsenal faces.
However, While they certainly have less resources after spending so much on slightly above average talents but they do have a base on which further expenditure can help them reach top4, but they are way way behind if it comes to talking about League title.
A defence of Kelly/Johnson Skrtel Agger Enrique is good enough.
Lucas is one of their key players. Henderson is still young and can impress like Lucas have.
Suarez is brilliant.
Downing, Kuyt can be backups for some better wingers.