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. USMNT vs Switzerland preview: Last time they met, Michael Bradley scored the winner with a full head of hair

    Mar 30, 2015, 11:07 PM EDT

    Switzerland v USA - International Friendly Getty Images

    Maurice Edu and Danny Szetela helped the goal get going, and Bradley was barely more than 20 years old.

  2. WATCH: Aurelien Chedjou and a flying own goal under zero pressure

    Mar 30, 2015, 10:15 PM EDT

    FBL-AFR-2015-MATCH16-CMR-GUI Getty Images

    Fortunately for Chedjou, Cameroon came back to beat Thailand 3-2.

  3. MLS Team of the Week — Stars of Week 4

    Mar 30, 2015, 9:24 PM EDT

    NE Revolution Vs. San Jose Earthquakes At Gillette Stadium Getty Images

    Lads and ladies, men and women, dudes and dudettes, it’s going to be a bit of an odd week for the MLS Team of the Week here on PST.

  4. Organizers apologize for Salvadoran national anthem mix-up in Washington (video)

    Mar 30, 2015, 8:40 PM EDT

    El Salvador

    The anthem that blared over the loudspeaker happened to belong to Isle of Man, not on-field participants El Salvador.

  5. Missing University of California, Berkeley men’s player Eloi Vasquez confirmed dead

    Mar 30, 2015, 7:46 PM EDT

    Eloi Vasquez

    Reports say he was lost after leaving a fraternity party near the University of Southern California.

  6. MLS Player of the Week — Week 4

    Mar 30, 2015, 7:20 PM EDT

    Kaka AP

    Who claimed the honors for Week 4 in Major League Soccer? The only former Ballon d’Or winner in the league!

  7. NWSL mega deal sends Sydney Leroux Dwyer to WNY for rights to Abby Wambach

    Mar 30, 2015, 6:26 PM EDT

    SRFC_Sydney_Leroux_5_4-23-14

    The Western New York Flash are reaping the rewards of Abby Wambach’s refusal to play ball.

  8. UEFA begins investigation into fan, on-field chaos in Russia/Montenegro match

    Mar 30, 2015, 5:49 PM EDT

    Russia's Igor Akinfeev hit by flare at Montenegro, match later abandoned Getty Images

    Just last week, UEFA president Michel Platini issued concerns over the uptick in hooliganism.

  9. Prolific U.S. U-17 striker chooses club home in NASL

    Mar 30, 2015, 5:00 PM EDT

    Haji Wright Wearing Cosmos Jersey March 30 2015

    Wright helped the U.S. qualify for this summer’s U-17 World Cup, and recorded 18 goals and 7 assists in 22 games for the side.

  10. WATCH: Andy Najar’s wonder goal helps Honduras into 2015 Gold Cup

    Mar 30, 2015, 4:09 PM EDT

    FBL-CONCACAF-GOLD-CUP-QUALIFIERS-HND-GUF Getty Images

    The tournament begins July 7, with Los Catrachos facing the USMNT in Frisco, Texas.

  11. How will the USMNT line up against Switzerland?

    Mar 30, 2015, 3:27 PM EDT

    USMNT Getty Images

    Few have successfully predicted the erratic USMNT lineups over the last few months, but here’s our best shot.

  12. Agent: Memphis Depay has had no contact with Manchester United

    Mar 30, 2015, 2:29 PM EDT

    Depay Getty Images

    The Dutchman’s agent says he has not spoken with any teams, including the Red Devils.

  13. Former Barcelona star claims he despises Louis van Gaal

    Mar 30, 2015, 1:32 PM EDT

    Stoichkov Getty Images

    A salty relationship between the Bulgarian striker and his Dutch boss led to the “Dream Team” member departing Barcelona a year later.

  14. Napoli forward Mertens will send aid to African village after seeing schoolboy in his shirt

    Mar 30, 2015, 11:15 AM EDT

    Mertens Getty Images

    The 27-year-old Belgian saw a picture that touched him enough to reach out.

  15. Akinfeev fully recovered from flare incident, likely to play vs Zenit this weekend

    Mar 30, 2015, 10:39 AM EDT

    Akinfeev AP

    After being knocked unconscious by a flare, the Russian shot-stopper will be fit to play a crucial league match this weekend.

  16. British exec says England could look towards 2030 World Cup bid

    Mar 30, 2015, 9:21 AM EDT

    Gill Getty Images

    England has refrained from bidding for World Cups since their relationship with Sepp Blatter has soured, but that could change in the next vote or two.

  17. Neymar furious after Medel tackle goes unpunished in physical friendly

    Mar 30, 2015, 8:20 AM EDT

    NeymarMedel AP

    Barcelona striker Neymar was furious with former Premier League defender Gary Medel, who clattered him hard during the first half of a physical match.

  18. Chicharito unleashes on Real Madrid, “frustrated” with a life on the bench

    Mar 30, 2015, 7:50 AM EDT

    Chicharito Getty Images

    The 26-year-old scored for the Mexican team this weekend, but remains frustrated at the club level.

  19. Report: Man United target Nathaniel Clyne won’t decide his future until summer

    Mar 29, 2015, 11:27 PM EDT

    Nathaniel Clyne, Southampton FC Nathaniel Clyne, Southampton FC

    Are Saints about to lose another young star to one of the Premier League’s “big five?” We’ll find out this summer.

Featured video

Week 30: Headline PL moment