Liverpool FC plan to renovate their stadium for €176m

On the 07/06/2013, Liverpool FC's managing director Ian Ayre confirmed that the club is looking to increase their stadium's capacity from 45,000 to 60,000 for a cost of €176m. The renovation would make Anfield the 3^rd largest stadium in the Premier League after Manchester United (Old Trafford, 76,000) and Arsenal (Emirates, 60,361).

An idea proposed as long ago as 2000, the plan to construct a new stadium has been abandoned. On the 15/10/12, Liverpool FC announced that they had opted to renovate Anfield instead.

"Our goal is to extend Anfield. But we need certainty and that comes with the acquisition of properties. Real progress has been made in acquiring them. Once they have all been acquired we will go through the planning process. We would expect to be in a position to make that a certainty this summer. Once planning has been achieved then we can start construction," said Ian Ayre who insists that there are only "a handful" of around 90 houses which need to be demolished to make way for the expansion plans.

"Our media and commercial revenues are very impressive but where we fall…