There have been reports Hodgson could be axed after Liverpool's lacklustre campaign so far but the former Fulham man insists he does not fear for his future at Anfield.
Hodgson claims that without investment the club cannot move forward and he feels that unless some serious money is put into the team Liverpool will not be able to compete with the likes of Manchester United, Arsenal and Chelsea.
"Basically speaking unless there is a major inflow of cash into the club and the team is going to be changed from one moment to the next then whoever takes my place will be doing a similar job with similar players," Hodgson told the Telegraph.
"The owners have made it perfectly clear they are in it for the long term and they are going to be patient; they realise it is going to take time. They realise we can't turn things around overnight and they also realise that the team I am working with is not the team I put together. You don't turn things around overnight and they are aware of the magnitude of the task but they are very focused on what needs to be done and I am convinced they will help me get it done."