LIVERPOOL OWNER QUESTIONS IMPACT OF NEW STADIUM

Liverpool’s main owner John W Henry has questioned the belief that a new stadium will significantly improve the club’s finances.

The English Premier League outfit has been engaged in a drawn-out and complex process which has involved plans to redevelop Anfield or build a new stadium in Stanley Park.

The implications of this process were demonstrated as Liverpool posted a loss of £49.4 million for the 12 months through to July 2011 as the club counted the cost of writing off the new stadium project developed by its former owners.

Henry stated a new stadium would most likely lead to increased ticket prices, citing recent facility developments in American major league sport.

“No-one has ever addressed whether or not a new stadium is rational,” Henry said.

“New stadiums that are publicly-financed make sense for clubs - I've never heard of a club turning down a publicly-financed stadium. But privately carrying new stadiums is an enormous challenge.”

He added: “A long-term myth has existed about the financial impact of a new stadium for Liverpool. A belief has grown that Liverpool must have a new stadium to compete with (Manchester) United, Arsenal and others.

“We've been exploring a new stadium for the past 18 months. At one point we made it clear that if a naming rights deal could be secured of sufficient size, we would make every effort to build a new facility. Liverpool has an advantage in being a global club and a naming rights deal could make a new stadium a reality. It is something we are working on. There has been interest.”

Posted on 15/06/2012