BertTrautmann'sParachute
Well-Known Member
Re: City to expand Etihad to 60,000
Where will the money come from? Debt loaded against the club?jrb said:Off topic, but Liverpool are close to submitting a planning application to expand Anfield.
Reds' new move in £150m Anfield stadium plan
Liverpool FC are set to submit a planning application for the proposed £150million redevelopment of Anfield before the start of next season.
The ECHO understands just ‘a handful’ of around 90 houses which need to be demolished to make way for the ambitious expansion plans have yet to be purchased.
Since the Reds announced last October their intention to stay at Anfield rather than build a new stadium in Stanley Park, Liverpool City Council and social housing developer Your Housing Group have led negotiations with residents.
Significant progress has now been made and Liverpool hope the remaining properties will be acquired over the next two months.
Once that has been achieved they will enter the planning process as they seek permission to push on with the refurbishment which will see the Main Stand and Anfield Road end expanded to increase the ground's capacity to around 60,000.
Reds managing director Ian Ayre said: “We are in an interesting period in terms of our aspirations around the stadium.
Liverpool FC Chief Executive Ian Ayre Liverpool FC Chief Executive Ian Ayre
“Our goal is to extend Anfield. But we need certainty and that comes with the acquisition of properties.
“Real progress has been made in acquiring them. Once they have all been acquired we will go through the planning process. We would expect to be in a position to make that a certainty this summer. Once planning has been achieved then we can start construction.”
Ayre believes a redeveloped Anfield is vital to Liverpool’s hopes of competing financially with the Premier League’s elite.
“There are three core revenue streams – media, commercial and matchday,” he added.
“Our media and commercial revenues are very impressive but where we fall behind is our matchday revenues. Having a bigger stadium and playing in the Champions League are two mechanisms which would dramatically change our fortunes. We’re determined to press on with the stadium solution. It’s in the hands of other people but hopefully we will get there and deliver what our fans want.”