Skip to content

Henry: Financing in place to refurbish Anfield, but obstacles remain

Sep 11, 2013, 4:03 PM EDT

FBL-ENG-PR-LIVERPOOL-EVERTON Getty Images

John W. Henry made it clear. Financing will not be a problem. Although his predecessors in Liverpool’s ownership box, Tom Hicks and George Gillett, couldn’t get the money to build a new stadium or refurbish the current one, financing will not be an issue for Henry and his ownership group.

Instead, property issues around Anfield are the only things that stand in the way of the $243 million refurbishment of Liverpool’s current home, with the city and a local housing authority making progress toward securing the land needed to start the club’s much-anticipated project.

Those properties are still in private hands, and until deals can be negotiated with their current owners, Henry and LFC remain in a holding pattern.

From The Guardian’s reporting:

“We are making good progress,” added Henry. “We have a lot of different groups working very well together and having everybody on the same page is the key to a big project like this happening and pretty much everyone is on the same page. The obstacles are not completely out of the way but we seem to be moving in that direction … We don’t have all the houses but we are making progress.”

The planning application for Anfield’s modifications will only be submitted once the city has secured all the necessary properties, leaving the exact nature of the changes unknown. The Guardian, however, is reporting a refurbished Anfield will include a new main stand as well as a buildup at the Anfield Road end.

None of which, Henry stressed, will affect what the club is able to do on the field:

“… it will pay for itself. It’s actually a positive. It’s one of the reasons we are doing it. It still provides excess cash. This is the direction that makes financial sense for the club in the long term.”

The key point in all Henry’s comments, however, was the financing. Troubles securing a way to pay for their projects not only undermined Hicks and Gillett’s attempts to solve the Anfield problem but also undermined supporter faith in owners who’d staked their credibility on securing a new stadium. Henry’s never made such promises but inherits the legacy of his predecessor’s errors.

That’s why he wants to make it clear – funding the project is a non-issue:

“They [Hicks and Gillett] were talking about going out and borrowing an enormous amount of money for an enormous facility. That’s not what we are doing here. One of their problems is that they weren’t able to get financing.

“When this [project] happens, that won’t be the problem. We just need certainty with regard to these properties.”

Forgive Liverpool fans, walked down this road before, if they withhold optimism. They may not want to jinx it. It does, however, sound like progress has been made, plans are ready, and only the details remain. You don’t want to trivialize those details, since they involve people’s lives and property, but if the question is how much closer we are to a renovated Anfield, the answer is ‘closer than ever.’

Latest Posts
  1. Premier League Preview: Tottenham Hotspur vs. Everton

    Aug 28, 2015, 7:48 PM EDT

    Everton v Tottenham Hotspur - Premier League Getty Images

    Spurs are still looking for their first win of the season, but face a tough test when Everton travels to White Hart Lane.

  2. Donald Trump denies report linking him with purchase of Argentinian soccer club

    Aug 28, 2015, 6:53 PM EDT

    Donald Trump AP

    I guess the Donald is a bit too busy to be buying a soccer club right now…

  3. Friday’s Transfer Rumor Roundup: West Brom agrees for Evans, De Guzman to Bournemouth

    Aug 28, 2015, 5:57 PM EDT

    Manchester United v Liverpool - Premier League Getty Images

    Catch up on all the latest gossip from around the Premier League, right here.

  4. Wolfsburg sporting director: “De Bruyne is off to Manchester City”

    Aug 28, 2015, 5:00 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptewzmi3mzvjnwu1odkzodm5nwzlowe4otg1nwe2odyy AP

    The deal is expected to be official within the next 24 hours as Manchester City’s offer was too good to refuse.

  5. Report: Manchester United planning massive $112 million bid for Arjen Robben

    Aug 28, 2015, 4:05 PM EDT

    Arjen Robben AP

    With the close of the transfer window quickly approaching, could Louis van Gaal be on the verge of the summer’s biggest signing?

  6. Premier League Preview: Chelsea vs. Crystal Palace

    Aug 28, 2015, 3:05 PM EDT

    Chelsea v Crystal Palace - Premier League Getty Images

    Chelsea clinched the title last season with a win against Crystal Palace, and the Blues will be looking for a similar result on Saturday at Stamford Bridge.

  7. Prince-Wright’s Premier League picks: Home advantage for heavyweights – Week 4

    Aug 28, 2015, 2:00 PM EDT

    Manchester City v Chelsea - Premier League Getty Images

    PST’s Editor and Lead Writer predicts the scores for every PL game this weekend.

  8. WATCH: NBC Sports’ Premier League TV schedule – Week 4

    Aug 28, 2015, 1:20 PM EDT

    PremierLeagueNBC

    Where and how to watch every single PL game this weekend.

  9. Premier League Preview: Newcastle United vs. Arsenal

    Aug 28, 2015, 12:40 PM EDT

    Arsenal v Liverpool - Premier League Getty Images

    Can the Gunners kick-start their season at St James? Watch live, NBCSN, Saturday 7:45 a.m. ET.

  10. MLS preview: Earthquakes vs. Galaxy, Sounders vs. Timbers headline Rivalry Week

    Aug 28, 2015, 12:00 PM EDT

    Steven Gerrard, LA Galaxy Steven Gerrard, LA Galaxy

    Rivalry Week is upon us once again, and if it lives up to the last edition, we’re going to be in for a mighty good time.

  11. VIDEO: LA Galaxy superstar Steven Gerrard is a huge Taylor Swift fan

    Aug 28, 2015, 11:12 AM EDT

    New York City FC v Los Angeles Galaxy Getty Images

    Liverpool and England legend seems to be enjoying life in LA. Check out his video of Swifty.

  12. Europa League draw: Liverpool, Tottenham Hotspur get tough test in group stage

    Aug 28, 2015, 10:42 AM EDT

    Premier League teams will rack up plenty of air miles this season in Europa League action.

  13. Kevin de Bruyne deal moves closer after “astonishing” offer to join Manchester City

    Aug 28, 2015, 9:45 AM EDT

    In this Nov. 27, 2014 photo Wolfsburg's Kevin De Bruyne plays the ball during the Europa League Group H soccer match between VfL Wolfsburg and Everton FC at the Volkswagen Arena stadium in Wolfsburg, Germany. (AP Photo/Michael Sohn) AP

    Wolfsburg admit to talks over KDB, as City’s offer of wages blow Bundesliga side out of the water.

  14. CONCACAF aims for 50-50 crowd split for USA vs. Mexico clash at Rose Bowl

    Aug 28, 2015, 9:04 AM EDT

    Carlos Salcedo, Jordan Morris AP

    Segregation of U.S. and Mexico fans key for CONCACAF for huge showdown in Pasadena.

  15. Help for Harry: Tottenham Hotspur sign $30 million forward Heung-Min Son

    Aug 28, 2015, 8:20 AM EDT

    Bayer 04 Leverkusen v SC Freiburg - Bundesliga Getty Images

    South Korean international becomes Spurs’ third most-expensive signing in club history.

  16. Arsene Wenger concedes Arsenal “maybe not firing on all cylinders” yet

    Aug 27, 2015, 10:01 PM EDT

    Arsene Wenger, Arsenal FC Getty Images

    Why yes, Mr. Wenger, one would have to agree with that assessment. In particular, it’s the finishing that’s killing them, he says.

  17. 2016 Copa America Centenario will be played, but CONCACAF might not be involved

    Aug 27, 2015, 9:13 PM EDT

    Copa America trophy — 2015 Copa America Copa America trophy — 2015 Copa America

    Next summers tournament will go on, but CONCACAF might not participate, which means the Copa needs a new host nation.

  18. Men in Blazers podcast: An afternoon spent inside the mind of Jose Mourinho

    Aug 27, 2015, 7:37 PM EDT

    meninblazers

    Rog talks with Chelsea’s Jose Mourinho about his coaching philosophy, post-match press conferences and football in America.

  19. Done Deals: Liverpool’s Markovic goes on loan, Llorente heads back to La Liga

    Aug 27, 2015, 7:09 PM EDT

    Lazar Markovic, Liverpool FC Lazar Markovic, Liverpool FC

    With the transfer deadline now just four days away, some of these deals are (finally) getting done.

  20. Europa League roundup: Southampton crash out in Europe; Dortmund hang 7, advance

    Aug 27, 2015, 5:41 PM EDT

    FC Midtjylland vs. Southampton FC — UEFA Europa League FC Midtjylland vs. Southampton FC — UEFA Europa League

    Southampton can now fully focus on the Premier League, because they’re officially out of Europe.

Featured video

Premier League, Week 3 review