Hicks committed to new stadium

07 September 2009 11:46
Liverpool co-owner Tom Hicks is adamant that he remains committed to building a new stadium for the club. The Reds were planning to open a replacement for Anfield in neighbouring Stanley Park, with the new ground designed to have a significantly increased capacity. But last week Liverpool's new managing director Christian Purslow admitted the reported £490million project had been put on hold until the end of the global recession. Hicks has confirmed that is the case and the new stadium will not progress anytime soon, despite the fact that the American is set to receive £450m from the imminent sale of his baseball franchise Texas Rangers. Management focusHe said in the Liverpool Daily Post: "Rangers and Liverpool are totally separate investments, so there is no connection. "I do plan to keep a significant participation in the Rangers. We are close to winning our division. I want to finish what we have started. "Liverpool will obtain stadium financing when the financial market opens back up. We have all of our permits and will be ready when the market is ready." Meanwhile, Hicks, who co-owns the Reds with George Gillett, has praised the impact of Purslow since his appointment in June. He added: "Christian Purslow is working hard. Liverpool's new management focus is producing great new commercial results that will become known in due time."

Source: SKY_Sports