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Liverpool FC  Ground Move Article

New stadium delays hitting Liverpool FC finances
 

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Other shareholders wanted to know what contingency plans were in place for the development of new facilities, if the stadium project fell through.

Acting chairman Keith Clayton - standing in for David Moores, who is unwell - said:: "We are still committed to a new stadium, as opposed to doing nothing, which is not an option.

"There is a definite link between the new stadium and new investment.

"We do appreciate that this has gone on for a long time, but these are some of the most critical decisions in the club's history."

The club has been in negotiations with several parties as they seek to secure sponsorship contracts which are the key to the go-ahead for their plans.

No decision about funding has yet been made by the North West Development Agency (NWDA), which controls the purse strings.

The agency told Liverpool last June that it could not use public money to pay for the construction costs of the planned 60,000-seater ground.

Around £9m of the money was due to be spent on the stadium roof, soundproofed wall cladding and an underground car park.

Although the NWDA's official line remains that it prefers the option of a joint stadium with Everton, it has said it does not oppose Liverpool's plans for a new ground.

 
 

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Liverpool FC  Ground Move Article
 


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