Liverpool owners FSG are facing a tough decision that feels all too familiar: stick with head coach Arne Slot, or make a change as fan frustration grows louder by the week.

Just one season after Slot led the Reds to the Premier League title in his debut campaign, the mood around Anfield has shifted dramatically. A string of disappointing results, capped by a tense 1-1 draw at home to Chelsea, has seen the atmosphere turn toxic. Former Liverpool and England midfielder Danny Murphy told BBC Sport he expects Slot to be gone within months.

This situation mirrors 2015, when Brendan Rodgers—despite coming close to winning the league the year before—lost the support of the fanbase after a humiliating 6-1 defeat at Stoke City. FSG backed Rodgers that summer with big signings like Christian Benteke and Roberto Firmino, but the revival never came. By October, Rodgers was out, replaced by a little-known German manager named Jurgen Klopp. The rest, as they say, is history: Champions League glory in 2019 and a long-awaited Premier League title in 2020.

Now, FSG faces the same crossroads. Slot was given nearly £450 million to reshape the squad last summer, but the results haven't followed. While there are no signs the club is ready to pull the trigger, the noise from the stands is impossible to ignore. On the Kop, one name keeps coming up: Xabi Alonso, the former Liverpool midfielder and current Bayer Leverkusen boss, who has become the fan favorite to take over.

For Liverpool supporters and anyone who loves the drama of the beautiful game, this is a story that's only just beginning. Whether FSG sticks or twists will define the club's next chapter—and the Anfield faithful are watching closely.