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The 1986–87 season was the 95th season in Liverpool F.C.'s existence, and their 25th consecutive year in the top-flight, and covered the period from 1 July 1986 to 30 June 1987.
It was their second season under the management of Kenny Dalglish, and as defending double winners they finished this season trophyless, coming close to silverware as league runners-up and losing finalists in the League Cup. They finished runners-up in the league nine points behind local rivals Everton, after an eventful title race which had seen them fight out with a resurgent Arsenal and Tottenham Hotspur as well as face surprise challenges during the season from unfancied sides including Norwich City, Luton Town and newly promoted Wimbledon.
At the end of the season, striker Ian Rush headed to Italy to sign for Juventus. His successor in the Liverpool attack, John Aldridge, had been signed during the season from Oxford United. After the season ended, Dalglish further enhanced Liverpool's forward positions with a move for Newcastle United striker Peter Beardsley and Watford winger John Barnes.
^ Jump up to: abcAll English teams were banned by UEFA from its competitions from the season 1985–86 on until the season 1990–91 because of the Heysel Disaster in 1985.