Liverpool manager Kenny Dalglish believes that "an obsession with the Premier League" has belittled competitions such as the Carling Cup and FA Cup.

The Reds defeated Cardiff City on penalties in February to win the Carling Cup, while they are also in Saturday's FA Cup final against Chelsea.

With that in mind, Dalglish has admitted that he would rather win trophies than finish "fifth or sixth" in the Premier League table.

"There is an obsession with the Premier League simply because of what it holds for every club and the value financially for every club, the rewards you get for finishing in the top four and getting in the Champions League," he told reporters. "But there is a satisfaction from winning a cup competition which you don't get from finishing fifth or sixth in the league.

"We have already tasted a cup final this year, albeit the Carling Cup, and getting to the FA Cup final should never be under-estimated in any way.

"It is a fantastic day out for everyone and is great reward for the efforts and commitment of the players and the respect we have paid to the competition."

Dalglish took charge of Liverpool for a second time in January 2011.