Ayre: Anfield phase two redevelopment 'not smart investment'

  • Guardian, Wednesday, October 12, 2016 2:59 PM
Liverpool would like to redevelop the Anfield Road end of Anfield Stadium and increase stadium capacity by 4,800, but chief executive Ian Ayre said the terms of the deal costing upwards of $90 million were “not a smart investment for the business.”

Fenway Sports Group, Liverpool’s owner, was able to fund the work on the main stand with an interest-free loan that is expected to be repaid within six years due to the number of hospitality seats.

“A stand behind a goal doesn’t have the benefit of hospitality that would go a long way to meet the redevelopment costs,” said Ayre. That could put the term of repayment to as many as 15 years.

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