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Parry: Liverpool must change stadiums quickly as possible

Liverpool's chief executive, Rick Parry, has said his club must move to their proposed new stadium as soon as possible to keep financial pace with their Premier League rivals.

Figures released on Monday showed Arsenal's move to the Emirates Stadium has driven a near 50% increase in turnover with operating profits for the year ending May 31 up 274%.

Liverpool's plans for a new stadium in Stanley Park are still on the drawing board but they aim at an opening in 2010.

Parry said: "We have been saying for years on a match-by-match basis we are too far behind Manchester United and now Arsenal too. If we are to continue to compete then a new stadium is vital.

The only reason we want the new stadium is to generate extra revenue. It's not about building monuments or vanity, it's about hard-headed common sense to generate more revenue to enable us to be competitive."

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Tribal Football Staff

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