Liverpool have been given the go-ahead to increase their stadium capacity to 61,000, according to Sky Sports.
A £60 million plan by the club to expand their stadium received the approval of the Liverpool City Council on Tuesday morning.
The development will mean that the club can increase the capacity of the Anfield Road stand by 7,000 seats.
As part of the deal, Liverpool will also develop a new family-friendly zone, hospitality lounge and will host six annual major non-footballing events.
The injection of new seats will enhance the stadium experience for the fans and also boost the club’s gate receipts.
At 61,000 seats, Anfield will be ahead of the Etihad Stadium (55,000) and Emirates Stadium (60,000), just behind Tottenham’s new stadium (62,000) and West Ham United’s ground (66,000).
The two largest stadiums in England remain Manchester Utd’s Old Trafford (75,000) and Wembley Stadium at 90,000 capacity.
Meanwhile, Liverpool are also boosting their business model by making their stadium available to host non-footballing events.
The pandemic has had major financial impacts on major football clubs worldwide, so much so that it may take years for them to recover fully.
Clubs need to become more innovative and creative to find ways to boost and generate new revenue streams.
Liverpool are also looking to bolster their squad ahead of the new season as they look to challenge for the league title next season after finishing third in the past season.
They have been linked with RB Leipzig striker Patson Daka who is believed to be keen on joining them.
The Zambian scored 34 goals from 42 appearances last season and is definitely a player to keep an eye out for going forward.