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The 1986–87 season was Liverpool Football Club's 95th season in existence and their 25th consecutive season in the First Division.It was their second season under the management of Kenny Dalglish, and as defending double winners they finished this season only having (jointly) won the FA Charity Shield, coming close to silverware as league runners-up and losing finalists in the League Cup.
The 1986–87 Full Members' Cup was the second edition of the tournament created to compensate for the ban on English clubs from European football following the Heysel Stadium disaster. It was won by Blackburn Rovers , who beat Charlton Athletic 1–0 in the final at Wembley .
31 July 1986 – Liverpool pay £200,000 for Sunderland defender Barry Venison. 1 August 1986 – Aston Villa sign midfielder Neale Cooper from Aberdeen for £350,000. 5 August 1986 – Wolverhampton Wanderers are saved from bankruptcy after Wolverhampton Council and the Asda supermarket chain agree to pay off the club's £3million debts.
The 1985–86 season was Liverpool Football Club's 94th season in existence and their 24th consecutive season in the First Division. This was Kenny Dalglish ’s first season as manager. At 34 he was player manager , and with several players in their last seasons as players.
The 1987–88 Full Members' Cup (also known as the Simod Cup for sponsorship reasons) was the third edition of the tournament created to compensate for the ban on English clubs from European football following the Heysel Stadium disaster. It was won by Reading, who beat Luton Town 4–1 in the final at Wembley.
The 1987–88 season was the 96th season in Liverpool F.C.'s existence, their 26th consecutive year in the top-flight, and covered the period from 1 July 1987 to 30 June 1988.
The 1986–87 Southampton F.C. season was the club's 86th season of competitive football and their 17th in the First Division of the Football League.The second season with Chris Nicholl as manager, 1986–87 saw the Saints improve only marginally on their previous campaign, finishing 12th in the First Division table – two places higher than the year before.
Dalglish's successor Graeme Souness won the FA Cup in his first full season. In the newly formed Premier League, he struggled to sustain the club's domestic successes and was replaced by Roy Evans midway through 1993–94. Liverpool improved to fourth the following season and won the League Cup.
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