There's been a Hick-up! New Liverpool stadium delayed by global recession
07 September 2009 12:45
Liverpool have put plans for a brand new stadium on hold until the financial markets start to improve.
Co-owners Tom Hicks and business partner George Gillett have struggled to raise the £500million for a new Anfield because of the global recession.
The imminent sale of baseball franchise Texas Rangers will pocket Hicks in the region of £450m - but he claims that money cannot be used to fund a new Liverpool stadium.
'Rangers and Liverpool are totally separate investments, so there is no connection,' said Hicks.
'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.'
Anfield managing director Christian Purslow admitted last week that the club hope to have the stadium completed in time for the 2018 World Cup - should England's bid be successful.