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£150m shock that forced stadium u-turn

18:30GMT Dec 18th 2007
by Tony Barrett Liverpool Echo, Newanfield.co.uk
 

LIVERPOOL ditched their latest plans for a new stadium because they could not afford to pay for it AND fund team building at the same time.


Today the ECHO can reveal:


* The second stadium plan - unveiled only in July - was ditched by owners Tom Hicks and George Gillett because they underestimated the £450m cost, £150m more than they first thought.


* Pressing ahead with the latest plans would have left no cash for new players.


* Revised designs by two architects are now being considered.


* The club may now have to submit a new planning application.

Today chief executive Rick Parry said: "We remain confident we can achieve our aim and still produce a very impressive solution."


The ECHO understands the club will make a decision on the new stadium early in the New Year.


Yesterday Newanfield.co.uk enquired into reports that Liverpool are ready to make the stadium a 70,000 capacity arena. The current application which was secured in November by Liverpool City Council was for a 60,000 seated futuristic design.


Although this design has been modified Rick Parry has reassured fans it will be a "significant improvement" but this is highly likely to need a new planning application. This will probably be achieved by starting to build under the current 60,000 plan and submitting a new application once building work has commenced.


It will be based on improvments to the transport system and the impact on the local area.


"It is a shame that the amazing plans that blew us away in the summer have to make way but it is only right that the future of the club is on sound financial ground with a new improved stadium that an under threat club but amazing ground".


Speaking today (17/12/07) on to Liverpool FC TV, Rick Parry today reassured Liverpool fans they will have a stadium to be proud of in time for the 2011-12 season.
Parry admits the Reds have had to rethink plans for the futuristic designs revealed earlier in the year, but he is confident the new 70,000 seater stadium will still be a fitting home for the club.


He said: "We are now considering two schemes but the stadium will be a 70,000 seater. "The new stadium will be a significant improvement on the original plans and a slightly different version of the new ones.


"And it will be a massive improvement on where we were 12 months ago, if not quite as dramatic as the plans unveiled in the summer.


"The single tier Kop remains fundamental to the design and we are not expecting any delays – it should be on schedule for 2011."



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