The consequences that Dalglish will suffer in the event that he does not deliver as manager will be disastrous. The pressure is far too high to appoint a club legend for a job for which there is no indication he will be able to thrive in. If he's up for it, and is willing to accept there will be many knobheads among the supporters who will be calling for his head after the team's first loss, then that's a different story. Interim manager to settle the players, maybe. Long term manager, not a chance in hell.