The Reds were humbled at Stoke on the final game of the season, losing 6-1 in what was their worst defeat since 1963 on Steven Gerrard's final game.
Brendan Rodgers admitted his job is on the line after the biggest humilation of his career.
The Liverpool manager took full responsibility for a 6-1 thrashing by Stoke - the largest margin of defeat since Charlton beat them 6-0 in 1953.
And while insisting he won’t quit, he bluntly conceded if the club’s owners want to axe him, he will have no arguments.
Rodgers was due to fly to Wembley in a helicopter straight after this game to see his son Anton appear for Swindon in the League One play off final, handing press duties to his assistant.
But instead he faced the music after his side’s disgrace, to admit that he accepts he is under massive pressure.
When asked if people will now question his future he said: "Absolutely. I have always said if the owners want me to go, I go - it is as simple as that, and I totally understand that.
“To start with it is an apology. All the supporters connected with Liverpool today will be embarrassed by that and deserve an apology. It was awful in the first half, absolutely awful.
“That is the worst I’ve ever had, absolutely. I have never conceded that many goals in a game.”
Liverpool were blown away as a brilliant Stoke inflicted Liverpool’s biggest defeat since they lost 7-2 to Spurs in 1963, and the biggest margin of defeat since that 1953 defeat at Charlton.
The team were berated by their travelling support at half time as they trudged from the pitch 5-0 down, and Rodgers admitted they deserved nothing less than the fans’ derision.
“They have every right to be angry. These supporters have been brilliant, and we have come up short,” he conceded.
“We haven’t won enough games in this last couple of months so they have every right to be angry and frustrated and of course I take full responsibility for that as the manager.
“We were too easily beaten and not competitive enough in certain areas of the field. You have to show aggression and desire to stop people running past you and be beaten in a one on one dual and that is the bottom line. I was bitterly disappointed from that aspect.”
The defeat means Liverpool finish sixth, and unless Arsenal win the FA Cup they will face the prospect of a July 30 start in qualifying for the Europa League.
Rodgers team have been on a miserable run since they were beaten in a top four showdown at Anfield by Manchester United in March, taking an abject eight points from their last 27.
But the while the manager accepted total responsibility for that collapse and knows there is now the distinct shadow of the axe above him, he insisted he won’t quit, and instead explains that he feels he can still turn the club around.
“My pride makes me want to be in this job. I love this job and I love this club and it has been a difficult season, but I still feel I have a lot to offer here,” he added.
“Like I said, if the owners ever say to me to go I go, but I want to be here. I understand that we need to be better than we have shown in recent weeks, but there is a lot that has happened here which has made the job difficult.
“There is an awful lot of work to do. Our job is to go and fix that and make sure we come back with the moitivation greater than ever to push on next season. We have to start today the climb to get back up again.
“There were a number of key elements of the performance today that didn’t surprise me.
"There are areas which will we address in the summer that will help us become much more competitiveand consistent and be up there from the beginning of the season. We as a club will work very hard to make that happen.”
Rodgers left Raheem Sterling out of the starting line up at Stoke, and explained afterwards the player wasn’t right mentally to play.
“With Raheem I felt there has been a lot going on over the past number of weeks and I just felt there was othere players mentally in a better position to play in the game, it was as simple as that.”