Parry: Liverpool need move

Rick Parry believes that Liverpool must move from Anfield to their new proposed stadium as soon as possible if they are to compete on a financial level with Arsenal and Man Utd. Arsenal's stadium move has seen a 50 percent increase in turnover and 274 percent increase in operating profits.

Liverpool plan their Stanley Park move by 2010 and their plans are currently still being discussed.

Parry said, "We have been saying for years on a match-by-match basis we are too far behind Manchester United and now Arsenal too. If we are to continue to compete then a new stadium is vital.

"The only reason we want the new stadium is to generate extra revenue. It's not about building monuments or vanity, it's about hard-headed common sense to generate more revenue to enable us to be competitive."

Parry was speaking at the official launch of the club's new television channel, LFC TV.

Parry also added, "We know we've got tens of millions of fans worldwide and that is a legacy of success in the past decades. It is a legacy we can build upon but you don't achieve that overnight.

"It is about sustained success. We know that brings a worldwide following and it's a place we want to be. The Premier League becomes ever more competitive and it is ever more challenging, but we can be up there with the best."