Liverpool's title tilt unravelled due to the concession of too many goals, says Graeme Souness.
The Reds rippled the net 101 times in the Premier League but shipped 50 goals, 13 fewer than champions Manchester City, who secured their crown with a 2-0 win against West Ham.
Steven Gerrard's slip against Chelsea on April 27 allowed Demba Ba to nip in and open the scoring in a game the Blues won 2-0, but Souness insists that was not the reason the Reds' wait for a top-flight title, which currently stands at 24 years, goes on.
"Liverpool let in too many avoidable goals," Souness told Sky Sports, moments after the Merseysiders defeated Newcastle 2-1 and six days after they failed to hold onto a 3-0 lead versus Crystal Palace.
"Gerrard should be devastated because Liverpool were in the box seat and had their destiny in their own hands - but he shouldn't be disappointed with himself as he has carried that team for many years.
"He has been a worldly and one of the greatest Liverpool players in history - and his slip against Chelsea was not the reason Manchester City won the Premier League, it was letting in goals."
"But if you said to Liverpool on the first day of this season: 'Would you take Champions League football?' then every one of them, including the manager, would say 'Yes, where do I sign'."
Gerrard gave an emotional post-match interview with former team-mate Jamie Carragher but another man with Liverpool connections, Jamie Redknapp, feels the future is bright at Anfield.
And the Sky Sports pundit reckons that if Rodgers manages to maintain the services of Luis Suarez, the Reds will not be too far away from the Premier League title at the end of the 2014/15 campaign.
"If Liverpool keep Suarez anything is possible because he is the best player in the Premier League," said Redknapp, who made 237 league appearances for the Merseysiders, netting 30 times.
"Gerrard has a couple of more years left in him, Rodgers will look to strengthen the defence and there is talk of Adam Lallana coming in as well.
"So I think they will go close again, even though Champions League football will put more stress on the group."