From the UEFA Cup and fourth place in October, City now find themselves just two points above a dangerous Leeds side. And although the City boss admits his players may be underachieving, he still fails to acknowldege the severity of City's position.
"I had the money, I spent the money and I am the one who hasn't got the players playing as well as I would like. As far as I am concerned the buck stops with me," he told Soccer365.
"The board have supported me and the fans have been more than loyal." Keegan added: "John Wardle is a terrific chairman. He has put his own money into this club and he doesn't deserve any stick.
"I know some of the fans aren't happy and I know some of them think we have underachieved. "At the moment they are probably right but while I have never been frightened to criticise my players in the past, on this occasion I don't think it is their fault.''
"Sometimes players need to have a buffer,'' the former England chief continued. "When they play badly, they hold their hands up and say they are tired."
"It's not a physical thing, it's more mental. That is why we have spent so long this week looking at different things.
Keegan then discussed the week's events, saying: "We have looked and listened to what they have to say. It's just the same as an ideas box in an office or a factory. Sometimes the best ideas come off the shopfloor.
"There were no angry exchanges. We just looked at what they had to say. They wanted to look at the opposition a bit earlier."
Then Keegan, still believing we are comfortable, said of today's game: "As much as we don't want to lose, we don't have to win. We have three games left after this one and nine points would see us safe."