Rebuilding two stands to get 60,000 seats will cost some £150 million and this option is to be confirmed by Liverpool FC soon, Mail on Sunday reveals. New stadium would cost almost three times more.

With no naming rights partner to support the new Stanley Park stadium, it seems LFC are bound to stay at Anfield – an option that has been suggested as preferred one on numerous occasions.

Now sources in the city council confirm that the club is intending to announce their choice soon. “It does seem to be the case that the club have decided to stay at Anfield and that Liverpool officials are preparing to confirm the decision”, says the spokesman.

With cost of a new venue at around £400 million, redeveloping Anfield seems more viable. Price tag on reconstruction of Main Stand and Anfield Stand is £150 million and offers similar advantages as a completely new stadium – 60,000 capacity in total with some 7,000 corporate seats to increase matchday revenue further.

A delay over announcing the club’s decision could be made once compulsory purchases orders are finalised on houses behind the Main Stand that remain owned by residents. Liverpool are seeking to relocate and purchases those houses and turn the area into commercial, rather than residential, space, including plans to build a hotel. Commercial space does not have the same ‘right to light’ requirements and thus overcomes a huge hurdle the club have faced in recent years.