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New twist in Stadium plans

Published by Redneck on July 1, 2008

A new twist has emerged which could delay the start of development work on our new stadium.

The North-West Development Agency (NWDA) is refusing to hand over a £9million grant until Tom Hicks & Co can prove they have the financial ability to complete the proposed project.

Last night a club source told the Liverpool Daily Post: “We are not planning on having the long term funding in place until the end of this year.

“We have sufficient funds currently to take us through the early stages of the project.”

Cheif Executive of the NWDA, Steve Broomhead, spoke of the issue: “The NWDA is engaged in positive, on-going discussions with Liverpool Football Club regarding our investment in the regeneration aspects of the new Anfield development.

“The NWDA’s grant has always been dependent upon the club demonstrating that funding for the new stadium has been fully secured and we are currently awaiting detailed evidence that this is in place.

“Until this time, the agency will retain its £9m investment towards the project, but we remain optimistic about the outcome and are committed to working closely with Liverpool FC and other partners to bring the development and the regeneration of North Liverpool forward.” he added.

The news broke just as Tom Hicks tried to impress LFC fans with his £1.6billion deal with a plastics manufacturer in the USA (Graham Packaging Holdings Co.), in an attempt to flex his financial muscles despite poor reports recently.

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