Liverpool city centre is in line for a £6 million boost to its economy when Liverpool Football Club competes in the Champions League during the 2013/14 season, according to industry experts.
Speaking in the latest Move Commercial lunch debate covering the impact of Champions League football on tourism, the economy and regeneration in Liverpool, Kieran Maguire of the Football Industry Group at Liverpool University, says: “The minimum benefit is around £6m in terms of the extra spend during group stage games. The people who will benefit are the people who struggle in midweek – taxis, restaurants, bars and hotels.”
Everton has qualified for the Europa League tournament and with foreign fans expected to spend an average of £700 per visit to the city, and debate participant Bill Addy, chief executive of the Liverpool BID Company, says both clubs competing will be a “tremendous boost to the city”.
The Move Commercial lunch debate, which took place at 60 Hope Street and also included co-owner Colin Manning, also focuses on the impact of European football on Manchester’s regeneration in recent years and the lessons Liverpool can learn from projects such as Hotel Football near to Old Trafford.
For more expert insight and the latest commercial property and business news, features and analysis, pick up a copy of Move Commercial in selected offices, hotels and restaurants across the North West or view it online now.
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