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Page last updated at 18:40 GMT, Thursday, 17 September 2009 19:40 UK

Liverpool stadium 'will be built'

Graphic of Stanley Park exterior
An artist's impression of how the new Liverpool stadium will look

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.



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see also
Liverpool stadium faces new delay
29 Aug 08 |  Liverpool
Liverpool stadium plans approved
06 May 08 |  Merseyside
No inquiry for Reds' new stadium
08 Jan 08 |  Merseyside
Liverpool's stadium move granted
06 Nov 07 |  Merseyside
Aldridge raises Liverpool concern
03 Oct 08 |  Liverpool
Liverpool supporters hold protest
13 Sep 08 |  Liverpool
Liverpool pair attempt peace pact
20 Jun 08 |  Liverpool
Liverpool co-owner reveals split
28 Mar 08 |  Liverpool
Duo complete Liverpool takeover
27 Mar 07 |  Liverpool


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