Arsene Wenger’s hopes of guiding Arsenal to the Premier League title are in tatters after Dirk Kuyt’s last-gasp penalty earned a dramatic 1-1 draw for Liverpool on Sunday.

With new majority shareholder Stan Kroenke watching from the directors’ box, Wenger’s side appeared to have snatched a stoppage-time victory when Cesc Fabregas was tripped by Jay Spearing in the penalty area.

Robin van Persie scored from the spot but Arsenal couldn’t keep their composure and there was more drama to come at Emirates Stadium.

Lucas Leiva was bundled over by Emmanuel Eboue in the 12th minute of added time and Kuyt converted the spot-kick to leave Arsenal six points behind leaders Manchester United with six games for each side to play.

The Gunners’ confidence is likely to dip even further after three consecutive draws on their own turf.

“Essentially we have cup final after cup final now,” was Wenger’s assessment of his team’s title chances when he wrote his program notes.

But they were unable to rise to the occasion and a season that at one stage could have delivered a quadruple will now most likely end up with nothing to celebrate.

Arsenal had the best of the first half, but were unable to make a breakthrough, while Liverpool lost defender Fabio Aurelio to injury.

After the break Kenny Dalglish’s team threatened to take the lead when Uruguay forward Luis Suarez went on a run and curled his finish just wide.

Jamie Carragher, however, needed to be substituted after smacking into Flanagan and getting carried off on a stretcher in need of oxygen and a neck brace.

That accounted for the long period of injury-time, with Van Persie opening the scoring before Kuyt’s leveller with the final kick of the game.