We are already in a nightmare Scenario. Nightmare started at the beginning of last season. 'One bad season' is what Hicks and Gillett could not afford...especially Hicks.
All three of them leaving will be very unlikely, and at worst i think we may end up losing Masher. If we lose Gerrard, Torres and Masher it will not be for anything less than 110 million. If it is re-invested properly with a little bit more, we will certainly be able to rebuild.
Getting the fourth place should be the priority. It will be hard to compete with Arsenal, Chelsea, United, City, and Spurs but our squad with a bit of belief can do it.