Buckingham Group, the contractors responsible for the Anfield Road End work, have filed a notice of intent to appoint administrators
Last week the Reds were hit with the significant blow that the Buckingham Group, the main contractors for the Anfield Road End revamp, a project that the club has shelled out some £80m to make a reality, had filed a notice to appoint administrators after running into severe cash flow problems that forced them to cease trading with immediate effect.
For Liverpool, Buckingham Group taking that course, if available, would mean that the impact on the club, while having already been felt through a missed deadline for the start of the season opening and one game already having been played at a capacity of 50,000 reduced by 18% from the 61,000 that had been expected, would at least be limited.
Speaking on his Price of Football Podcast on Thursday, football finance expert, author and University of Liverpool lecturer Kieran Maguire said: “On the sums that I did, Liverpool normally make around about £1,600 per fan . Using that figure, looking at the potential loss of revenue over a two month period, which would include four Premier League games and potentially two Europa League group games , and potentially two Carabao Cup games mean that, based on the £750,000 impact, a sum of around £6m could be missed out on. Should it run into the New Year then the club could be missing out on some £14.
“There are financial consequences for the club. My view of FSG being the way that they are, my view is that they won’t have counted their chickens too early in terms of additional income. But they want to be competitive, they know that Manchester United and Spurs both generate far in excess of £100m per year from ticket sales. Arsenal will do that this year because they are back in the Champions League.
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