I know what your saying, but Kenny bought players for big fees and actually did well and plus, I don't think the fees back then were as much as what City are paying.
The start of the Clubs demise happend under Kenny, this can be traced back to the Semi Final against Palace in 1990 we were never the same after that one, think thats when he started losing the plot.
It makes me laugh a little because the truth of the matter is that 'we don't know if Kenny would have or could be a good Manager' in today's game. What I do consider is that the Club made a mistake in not giving him the job for a number of reasons. The main one is a bit romantic I know but Kenny would have given the team the spirit that was LFC and that he would be hugely respected by all (I don't buy this 'today's players don't realise the aura surrounding the man' - he will always be remembered as one of the most gifted players of his time - pity he wasn't born just south of the border!). I am also confident that he would have had the players playing a brand of football which is far more attractive than we have seen over the past season and a bit.
I can't understand when he put his hand up for the job why the powers to be negated the value that he would have been on and off the pitch - I don't wish anything untoward on RH but if he did leave or get sacked I would welcome the chance for Kenny to step in but in reality I really think that the Club missed the golden opportunity in the summer and I am not sure if it will present itself again.
In short I don't know if he would make a good Manager but I am pi##ed that we didn't get the opportunity for Kenny to provide the answer!