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Liverpool co-owner Tom Hicks is adamant that the club’s proposed new £350m stadium will be built once the global financial crisis stabilises.
Construction on the new site in Stanley Park, next to the Reds’ current Anfield Stadium, was frozen in August 2008 due to the financial conditions.
“We’ve spent lots of money and we have a fully designed stadium,” said Hicks.
“We have every permit in place, the council’s approval, everything is done. Certainly it will happen.”
He added: “When we get to the point where the global market settles down, we can bring pieces together to finance the stadium.
“I don’t know about the dates because of the global financial markets, but I know the markets will settle down and get better.”
Hicks bought Liverpool in 2007 with George Gillett Jr. and they wrote off £10m by ditching existing plans to replace Anfield so architects from his native Texas could design a new stadium in the adjacent Stanley Park.
It is expected to hold 60,000 fans, 15,000 more than Anfield, with more scope to generate commercial revenues.
Liverpool received a financial boost this week with the announcement of a new sponsorship deal with Standard Chartered. (BBC Sport)

OK so let me get this right. We have a “fully designed stadium” but no planned date whatsoever to start the building process, well that’s just great! I could sit down with a napkin and draw a pretty picture, hell they paid people to do just that (using Liverpool Football Club’s money) but what’s the point when no concrete plans follow the design process? Isn’t that just a big waste of money?

I understand that the financial situation dictates that we must be cautious but remember Hicks just made a mint from selling his US franchise for a sum of money greater than the entire expected cost of the stadium!

YNWA


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