Liverpool chief executive Ian Ayre believes the club will be able to compete with the likes of Chelsea and Manchester City in the transfer window when work on their new stand is complete.

The club are currently redeveloping parts of Anfield, which includes an expansion on the main stand, and will have additional funds available to them after construction is finished.

The stand will see an extra 8,500 seats and corporate hospitality installed, which will generate an estimated £20million in revenue, as well as an extra £5million from a naming rights sponsor.

Liverpool chief executive Ian Ayre said: “Corporate hospitality revenues are essential.

“If we had increased capacity by 8,500 general admission seats only, it would have taken a ridiculous time to pay back the investment, meaning revenues into the team would have been affected.

"The large corporate increase means we will pay the debt back quickly and not be saddled with debt, while quickly increasing revenues into the playing squad.”

Posted on 15/01/2015