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Last Updated: Thursday, 9 October, 2003, 12:36 GMT 13:36 UK
Parry pledge on Liverpool stadium
Liverpool hope to leave Anfield in the next three years
Liverpool insist the cost of their planned new stadium will not spiral and effect the club's spending in the transfer market.

The Premiership club plan to move into a new 80m, 60,000-seat stadium in Stanley Park in 2006.

Liverpool have applied for planning permission for the site, which is just 30 yards from their current Anfield home.

But Reds chief executive Rick Parry claims building costs will not have an impact on manager Gerard Houllier's team building budget.

Arsenal's planned move to a new ground at Ashburton Grove has deeply bitten into manager Arsene Wenger's transfer budget.

Everton's scheme to develop a new home at Kings Dock has been shelved due to spiralling building costs.

It absolutely does not leave us short of funds to strengthen the team
Liverpool's Rick Parry

But Parry insists Liverpool will not be caught in the same situation.

Parry said: "Costs should not rise. We already have a contract with in place with builders Carillion.

"This has been designed right down to the very, very minute level of detail. It absolutely does not leave us short of funds to strengthen the team.

"The whole purpose of this is to make us more successful.

"We're not seeking a penny in grants for the stadium itself, and we are not dipping into existing funds."

Parry also denied that lowering the planned capacity by 10,000 to 60,000 was not a compromise.

"We started at 70,000 because that would have given us the biggest stadium in the country," Parry told the Liverpool Post newspaper.

"But looking at the economics, that stadium itself would have cost in the region of 130m.

"There were more transport implications which was another obligation for us.

"This is not a compromise, it's something which is world class and something Liverpool should be proud of."

Parry also emphasized the expected positive impact of a new arena on the surrounding areas of Anfield and Breckfield.

"These plans will have a massive impact on the area," said Parry.

"Three years have elapsed since they were first mooted. Several million pounds and a phenomenal amount of time has gone into reaching the stage where we're at now.

Liverpool's application includes a museum and hall of fame, as well as an education centre and underground car park.

It is also further evidence Liverpool have ruled out the possibility of ground-sharing with Merseyside rivals Everton.

The idea had been mooted with both clubs looking to invest millions on new grounds which would be built near each other.

Liverpool rule out groundshare
18 Sep 03  |  Liverpool
Mersey duo in ground talks
23 Sep 03  |  Football

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