Liverpool managing director Ian Ayre insists a multi-million redevelopment of Anfield will enhance the club's transfer market spending power and not diminish it.

On the second anniversary of Fenway Sports Group's purchase of the Reds, Ayre formally confirmed their intention to remain at their current home and not pursue a new build project in Stanley Park. In addition, plans are afoot for a redevelopment of the Main Stand and Anfield Road at an estimated cost of £150million.

"As we've said, the right solution is the right economic solution," Ayre told liverpoolfc.com. "More so from it detracting from our spending in the transfer market, the whole point of doing this is to actually increase our revenues."

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