Frenchman Jacques Crevoisier, who spent two years at Anfield under Gerard Houllier, slammed the reign of Rafa Benitez - insisting the Spaniard's signings and policies have brought the club to its knees.
If that was not enough, Crevoisier also branded former owners Tom Hicks and George Gillett "a***holes" who treated Liverpool as their own private bank.
In an interview with French football magazine So Foot, Crevoisier said: "Liverpool's current failure is linked to three people - Benitez, Hicks and Gillett.
"Benitez is an excellent coach but he recruited over 60 players during his time in charge. And, apart from Fernando Torres, Javier Mascherano and Xabi Alonso, his signings across five years were pitiful.
"Benitez brought in a staggering amount of players and at some cost. He is a very good tactician but a very bad recruiter.
"His communications were weak and his links with the players did not work. When the team lost it would be the players' fault and, when they won, it would be thanks to him.
"People who were at the club at the same time as him told me he was a megalomaniac, with people having to pledge allegiance to his way of doing things.
"The three players I've mentioned don't require an army of scouts to tell you they are very good, while all the rest were average."