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Liverpool are set to suffer a major financial blow with the delay to the development of the Anfield Road Stand having been extended.
On Thursday Liverpool’s chief executive officer, Billy Hogan provided an update for supporters on the status of the ongoing Anfield Road Stand expansion project.
Hogan admitted that the development of the stand is set to be finalised in the next calendar year. A previous update had claimed the stand would be completed by the Merseyside derby between Liverpool and Everton on October 21.
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Speaking to the Liverpool website Hogan explained: “Over the course of the last few days it has become clear that in order to complete a thorough assessment of that project completion timeline, it’s going to take longer than really we first thought.
“Ultimately, what that means for supporters is that until we have visibility of all the information needed, we’re going to have to maintain the status quo for the remainder of the calendar year, essentially meaning capacity at Anfield will remain the same as for the previous home games that we’ve seen this season.
“The lower tier of the stand remaining open and the upper tier remaining closed until the end of the calendar year.”
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Indeed, as per the Anfield Index, football finance expert Kieran Maguire estimated that Liverpool were losing £750,000 in revenue for each home game they host with a reduced capacity.
And with the Merseyside club set for nine further home games in all competitions this calendar year they could be set to lost around £6.75million.
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Featured Image Credit: GettyTopics: Liverpool, Anfield, Premier League