Kieran Maguire salutes Liverpool as 'very lucrative' plans revealed
Liverpool are making a “very lucrative” decision by turning Anfield into a multi-use venue as part of their stadium expansion plans.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Liverpool confirmed on 15th June that they had received planning permission for the redevelopment of the Anfield Road Stand.
The stadium’s capacity will reach 61,000 when the development is complete and is set to cost Liverpool approximately £60million, as per the Liverpool Echo on 15th June.
The club have been given permission to host up to six concerts or major events per year as part of the arrangement with Liverpool City Council.
Maguire lauded Anfield as an “iconic stadium” and praised Liverpool for their plans to sweat their prize asset.
He told Football Insider correspondent Adam Williams: “It’s an iconic stadium, attractive in so many ways.
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“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 this nature.
“We are seeing more and more clubs realising that there’s no point investing in infrastructure if you’re only going to use it 25 or 30 times a year.
“So this is very logical and potentially very good for the balance sheets as well. It just makes sense from an accounting point of view.”
Anfield’s last major makeover was completed in 2016 when the redeveloped Main Stand was opened to the public.
That boosted capacity from 45,000 to 54,000.