Hate to say it, but think it'd be a real marker for the owners. Best player available on the market brought to Anfield in spite of interest from the European elite and a lack of any European football would be a real statement of intent for the future of the club under them. It would also make future signings a little easier - how many players would turn down a chance to play with Suarez, Aguerro and Gerrard? But, but... sanity kicks in and I can't see it happening.
True about CL revenue. On the positive side, the recent commercial deals struck should more than cover the loss of CL revenue for the moment. My big concern is stadium financing to be honest. Henry said a while back that they view the stadium as being seperate from the 'club'. That's something I'm going to be watching very carefully. I can't see how we can fund a major refurb/restructure or a new stadium and compete in the transfer market currently. It's circle NESV are going to have to square somehow. I can see the stadium being kicked into a medium term decision - build up the team and squad so little spending needs to be done in two years time and focus on getting back into the CL every season. If we can do that, then the affordability of the stadium isn't so much of an issue.
Yeah been reading up on andersred's take on it, and it looks a little precarious when it comes to the stadium, eve though its desperately needed as far as stadia goes. Personally i think a new one is the better route