Arsenal have been highly successful in the 1990s and 2000s, but Highbury’s capacity was limited to only 38,500 in the post-Taylor report era; virtually every match was sold out and the club were unable to maximise matchday revenue. With expansion of Highbury ruled impossible, in 1999, Arsenal announced plans to move down the road to Ashburton Grove; construction started in December 2002 with the demolition of buildings on the site, and in July 2006, the new Emirates Stadium opened, ready for the start of the 2006–07 season.
Arsenal took a little time to get used to their new surroundings and as early as November, manager Arsène Wenger conceded that his side was unlikely to make a serious challenge for the title. Dogged by poor away form throughout the season, Arsenal eventually finished fourth, level on points with third-placed Liverpool. With a team largely filled with reserve and younger players, they reached the League Cup Final, which they lost 2–1 to Chelsea. They were less successful in other competitions, however, being knocked out early on in both the Champions League and FA Cup.