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October 16, 2012

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Liverpool to boost Anfield seat capacity

LIVERPOOL announced plans on Monday to expand the capacity of Anfield, the club's home for 120 years, rather than building a new stadium.

The 18-time English champion started working on a new US$800-million venue in nearby Stanley Park before owner John Henry's takeover two years ago, but it was abandoned due to financial problems.

Henry has decided that a new stadium still doesn't make financial sense, instead pursuing plans to expand Anfield's capacity from 45,000 to an expected 60,000 seats.

"There is no doubt Anfield is the spiritual home of the club - our preference was always to remain at Anfield," Liverpool managing director Ian Ayre said.

Anfield is hemmed in by terraced residential housing, and planning permission will now be sought to demolish some properties to rebuild the stadium.

"This is a major step forward for the football club but more importantly the residents," Ayre said. "This is step one as there is land to acquire, plans to be approved etc., but this is a significant moment."

The club has been financially hamstrung by its aging Anfield, where there are just 34 luxury suites and few amenities to generate funding to enhance the squad.

"If you build a new stadium ... one of the big challenges is that you don't get 60,000 new seats in a new stadium, you only get the difference (with the existing capacity)," Ayre said. "That makes it very difficult to make it viable because the cost of building such a big new stadium doesn't work economically, particularly in this market.

"So one of the things we had to look at was the balance between that solution and a staying-at-Anfield-type solution."



 

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