Liverpool have moved a step closer to redeveloping Anfield after formally confirming their preference is to remain at their existing home and not build a new stadium in Stanley Park.

Symbolically, on the day of Fenway Sports Group's two-year anniversary of buying the club, a definitive way forward in relation to the long-running ground issue was identified by managing director Ian Ayre.

Liverpool City Council have announced extensive plans for a regeneration of the Anfield area having secured a £25million grant with a housing association set to also invest heavily. On the back of that the club plan to push ahead with proposals to extend and improve their only home since 1892.

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