So, sometime in the next ten years then
Do you think there might come a point in the future, if it drags on too long and they can't make progress with the Council, where the owners will just abandon the whole idea? They don't seem keen on a brand new stadium (and I understand the reasons why), but if redevelopment ultimately does not seem feasible, is doing nothing an option?
Doing nothing obviously is an option if you're ready to abandon the financial top four (currently Real Madrid, Barcelona, United, Bayern Munich) and hence (so the model goes) giving up on being great again. Clearly Man City are anomalies. They don't make so much money (as yet).
Chelsea may struggle when/if FFP bites but despite it being ‘all down to Abramovitch’, they’re already sixth behind Arsenal in terms of revenue.
I’ve nothing to base it on but intuitively, Arsenal seems to be maxed out. Having done the stadium and sold the flats and the city in a spin, you have to wonder where the growth is coming from.
City have already laid the ground for future revenue increase and will go from strength to strength financially.
United are going to have a difficult (financial) season and the Glaziers may yet lose their grip on the money.
So, you'd like to think that Bayern could be the example to follow. Massive commercial revenues and relatively low matchday revenue ie., still got plenty but have cheap tickets - ideal for the fan. But as it is Bayern don't quite compete for players at the same level as the big spenders.
We are not at the same financial level as even Bayern, so one or two things might/must happen. Either player costs fall generally (in relative terms it is probably happening already - certainly on its peak in 2008) which will not affect our competitiveness (player costs will fall for all) or, we cut our own player costs (definitely happening) and still maintain quality (well, that was the plan) or, we build up the total business (Commercial, TV, Matchday).
The logic would be that we might do even better than Bayern’s commercial deals with our 'global fanbase' but passing RM say, would mean more than doubling total revenue... ooh, er. Clearly we need increased matchday revenue (as a piece of the total picture) to get close, even in the EPL but global and commercial revenue must be the priority. And, matchday revenue is the hardest and most expensive to increase and can be a stunning risk to take. Done incorrectly it can ruin us.
So, no rush. Prioritise the other stuff, maximise matchday revenue from what we’ve got (ie., with all the bolt-on goodies, fan zones, marquees etc etc) and expand Anfield incrementally at lower cost and when justified by success on the pitch. Thus at significantly lower risk of it all going wrong and being stuck with unsustainable debt (again).
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