Liverpool co-owner Tom Hicks defends his £800 million asking price for the club

28 May 2010 22:11
American businessman Hicks, criticised earlier this week by former Liverpool owner David Moores, has failed to deliver a new ground for the club since arriving on Merseyside with joint owner George Gillett in 2007.[LNB]A 'short-term delay' to the stadium project announced in August 2008 is now approaching a two-year hiatus, but despite the club's £237 million debt, Hicks insists that funds are now available to build a new stadium.[LNB] Related ArticlesMourinho hopes it's third time lucky with GerrardAquilani keen to make amends at LiverpoolBenitez promised 'substantial' funds by HicksAction is what's needed at Anfield, not spinReina pleads with Hicks to goSport on televisionHe said: "Financing for the Liverpool stadium is now available, but we decided that we [Hicks and Gillett] wanted to sell and allow the new owner to build the stadium. [LNB]"We believe the fact that the design and the permitting process is complete should be reflected in the value we receive in the sale." [LNB]Meanwhile, Shane Duffy, the Everton teenager, has been released from Dublin's Mater Hospital after undergoing life-saving surgery to repair a lacerated liver suffered while training with the Republic of Ireland last Friday.[LNB]

Source: Telegraph