After a couple of years of under-investment in the squad the last 10 months have seen a significant strengthening in playing resources and has raised hopes Liverpool can regain their top-four status.
"All the stuff about the club being threatened with administration - those were the most difficult bits," he said.
"It was a pretty tough moment for everyone, not just me. Everyone at Melwood, Anfield and around Liverpool were not very happy with the club, team and the performances.
"They were tough moments but once again I knew a club like Liverpool was not going to be sitting waiting for it to go into administration and fortunately we found good owners and the stability came back."