Saturday, August 30, 2008

Liverpool Fans Angry At New Stadium Delay


Liverpool's proposed new stadium has suffered a fresh delay of at least a year, with fears now mounting on Merseyside over whether the ground can ever be built under the ownership of Tom Hicks and George Gillett.

An official statement pointed to global market conditions for what was described as a "short-term" problem, though The Daily Telegraph understands that Hicks and Gillett accept that the earliest target for an opening date is the 2012-13 season.

However, there are now serious doubts over whether the two Americans will raise the necessary finance for a project that is estimated to cost £350 million.

Next year, they must also either extend or refinance the £350 million loan that they took out with the Royal Bank of Scotland and the American bank, Wachovia, in January.

The latest setback to the credibility of Hicks and Gillett has prompted renewed calls for them to sell the club, with Dubai International Capital's takeover offer of about £400 million still on the table.

"We feel the Americans have no intention of building the stadium," said Jay McKenna, a spokesman for the Spirit of Shankly supporters' group.

"There is a lot of anger. It does not just affect the Liverpool fans, but also the wider community – regeneration is linked to the new stadium. The best thing they could do is step aside for new owners to come in."

Liverpool City Council described the announcement as "disappointing" and warned that they would have to consider revised plans to increase the capacity of the stadium to 73,000.

It also adds to the air of soap opera surrounding the club, although the relationship between Hicks and Gillett is said to have improved significantly in recent months.

However, manager Rafael Benitez has clashed recently with chief executive Rick Parry over the failed attempt to sign Gareth Barry.

"It [the stadium] is not good news, but we cannot change things," Benitez said. "I understand very well our fans and what they may think, but they will understand that I must concentrate on the next match."

Liverpool expect officially to sign the lease from the council for the Stanley Park site next month and are adamant that they well see the project through.

"Our commitment to building a new world-class LFC stadium is undiminished," a spokesman said.

"We will use this period productively and revisit the plans for the stadium to increase its capacity to 73,000 seats."

No comments: