Liverpool FC Forum

by **Paul C** » Mon Jun 05, 2006 9:40 am

from icliverpool:

Liverpool struggling to pay for new stadium

Jun 3 2006

Exclusive By Bill Gleeson Business Editor, Daily Post

LIVERPOOL Football Club has yet to raise all the money needed to build its proposed new home at Stanley Park, the chief executive of the Northwest Development Agency has told the Daily Post.

Steven Broomhead said that the club's ability to finance its new stadium remained unclear. He met LFC chief executive Rick Parry last month and was told that club officials would know the full picture regarding the finance they still have to raise later this month.

Mr Broomhead also revealed that the cost of the planned 60,000-seat stadium had risen again to £190m. The last figure put in the public domain was £160m.

Liverpool has applied to the agency to provide £11m of funding for public realm and infrastructure work around the ground.

The club has also asked Merseyside's Brussels-funded Objective 1 programme for another £9m to assist with the infrastructure work.

In addition, it must raise the rest of the money needed to finance the construction of the stadium from the private sector.

The club has been in lengthy negotiations with banks and other potential private sector investors about financing arrangments for its new ground.

Asked about the NWDA's commitment to finance the Stanley Park scheme, Mr Broomhead said: "That is still under active consideration.

"We are actively looking at making an investment in Anfield, Breckfield and in particular in Stanley Park, subject to the stadium being finally agreed.

"I know it has planning permission but we are waiting now for Liverpool to come forward with absolute clarity that they have the resources in order to complete the building of the stadium.

"They have yet to do that." Mr Broomhead said he last heard from the club last month.

"I met with Rick Parry, the chief executive. It was a very positive conversation.

"Clearly, Liverpool at that point were going through some discussions about the future business structure and shareholder arrangements.

"They did promise me that in June some decision would be made and clarity about the amount of money they need to raise and monies they already have to complete the building of the stadium."

Mr Broomhead also spoke about Everton's plans for a new stadium, which include options of moving to Kirkby, Speke or Switch Island.

His comments can be heard in full in a podcast interview on the Daily Post's business website, www.thebusinessweek.co.uk

Nobody from LFC was available for comment last night.

by **Leonmc0708** » Mon Jun 05, 2006 10:09 am

Bill Gleeson is a bitter blue and has bad mouthed Liverpool and the board from day one on this project. Take a pinch of salt, in fact take no fu.cking notice of the tw.at.

by **The Ace1983** » Mon Jun 05, 2006 11:41 am

I can't see us coming up short with the cash. We'll get there soon enough.

by **murphy0151** » Mon Jun 05, 2006 11:58 am

Its a shiiiit ground anyway.

by **onizukaeikichi** » Mon Jun 05, 2006 12:09 pm

by **adamnbarrett** » Mon Jun 05, 2006 9:32 pm

I'd prefer us to just expand anfield personally.

by **The Manhattan Project** » Tue Jun 06, 2006 1:25 am

I'd prefer an expansion of Anfield too.

If they do however move, I can't say I'm too impressed with the design's that have been proposed. Too generic for my liking. I wish our new stadium could look as revolutionary as the awesome Allianz Arena.

by **Judge** » Tue Jun 06, 2006 8:04 am

adamnbarrett wrote:I'd prefer us to just expand anfield personally.

ok, you write to all the residents, who have lived there, some for 50 years, and say, ''right then, come on, up and off you go''

do you think that would work ??

by **adamnbarrett** » Tue Jun 06, 2006 5:00 pm

Judge wrote:
adamnbarrett wrote:I'd prefer us to just expand anfield personally.

ok, you write to all the residents, who have lived there, some for 50 years, and say, ''right then, come on, up and off you go''

do you think that would work ??

The thing is though, that is happening anyway. Homes in the area are boarded up because, when the new stadium in stanley park is built the Anfield and the houses around it will be demolished and become 'Anfield Plaza'. So people have already been evicted anyway. So what you're saying is b0llocks

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