Liverpool co-owner Tom Hicks has defended his £800 million asking price for the club by claiming the valuation is based on plans for a new stadium to replace Anfield.
American businessman Hicks, criticized 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.
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.
He 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.
"We believe the fact that the design and the permitting process are complete should be reflected in the value we receive in the sale."
American businessman Hicks, criticized 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.
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.
He 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.
"We believe the fact that the design and the permitting process are complete should be reflected in the value we receive in the sale."
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