Liverpool hailed amid ‘very lucrative’ projects
Liverpool are making a ‘very lucrative’ move by turning Anfield into a versatile venue as part of their stadium expansion plans.
This is according to the finance guru and Football initiate columnist Kieran Maguire, speaking exclusively after Liverpool confirmed on June 15 that they had received a building permit for the redevelopment of the Anfield Road stand.
The stadium’s capacity will reach 61,000 when development is complete and is expected to cost Liverpool around £ 60million, according to the Liverpool Echo on 15 June.
The club has been allowed to host up to six concerts or major events per year under the deal with Liverpool City Council.
Maguire hailed Anfield as an “iconic stadium” and praised Liverpool for their intention to sweat their asset.
He said Football initiate correspondent Adam Williams: “It’s an iconic stadium, attractive in many ways.
“Why have a Ferrari and keep it in the garage?” Therefore, especially with increased capacity, it could be lucrative for events, concerts and things of that nature.
“We are seeing more and more clubs realizing that there is no point in investing in infrastructure if you only use it 25 or 30 times a year.
“So it’s very logical and potentially very good for balance sheets as well. It makes sense from an accounting point of view.
Anfield’s last major renovation was completed in 2016 when the redeveloped main stand was opened to the public.
This increased the capacity from 45,000 to 54,000.
In other news, the goal machine is very keen to join Liverpool as the surprise asking price has been revealed.