Plans to expand the stand had been made earlier, with the club buying up houses on Kemlyn Road during the 1970s and 1980s, but had to be put on hold until 1990 because two sisters, Joan and Nora Mason, refused to sell their house. When the club reached an agreement with the sisters in 1990, the expansion plans were put into action. The stand—renamed the Centenary Stand—was officially opened on 1 September 1992 by UEFA president Lennart Johansson. In 1993, Liverpool fans gestured their support for James Bulger during a two-minute silence at the Kop, held before a game against Ipswich. The Kop was rebuilt in 1994 after the recommendations of the Taylor Report and became all seated; it is still a single tier, and the capacity was significantly reduced to 12,390.
On 4 December 1997, a bronze statue of Bill Shankly was unveiled at the visitors' centre in front of the Kop. Standing at over 8 feet (2.4 m) tall, the statue depicts Shankly with a fan's scarf around his neck, in a familiar pose he adopted when receiving applause from fans. Inscribed on the statue are the words "Bill Shankly – He Made The People Happy". The Hillsborough memorial is situated alongside the Shankly Gates, and is always decorated with flowers and tributes to the 96 people who died in 1989 as a result of the disaster. At the centre of the memorial is an eternal flame, signifying that those who died will never be forgotten.
The most recent structural change to Anfield came in 1998 when the new two-tier Anfield Road end was opened. The stand has encountered a number of problems since its redevelopment; at the beginning of the 1999–2000 season, a series of support poles andstanchions had to be brought in to give extra stability to the top tier of the stand. During Ronnie Moran's testimonial match against Celtic, many fans complained of movement of the top tier. At the same time that the stanchions were inserted, the executive seating area was expanded by two rows in the main stand, lowering the seating capacity in the paddock.