LONDON — After years of stalled projects and financial uncertainty, Liverpool FC abandoned plans Monday to build a new stadium and decided a redeveloped Anfield can provide the money needed to make the team regularly successful.

Hamstrung by the limitations of its 120-year-old ground, Liverpool has struggled to generate the income needed to produce its first English league title since 1990. The 18-time English champions — owned for exactly two years by Red Sox owner John Henry — have now concluded that a new stadium does not make financial sense. Anfield currently has a capacity of 45,000.