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Stadium Costs Sore Past £400 Million
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Oct 13 2007 by Larry Neild, Liverpool Daily Post
THE cost of Liverpool FC’s new stadium on Stanley Park has risen steeply, it was revealed last night.
Tom Hicks, one of the club’s new American owners, has disclosed that the cost of the new stadium – due to open in August, 2011 – will now be at least £400m.
This is £100m more than the previous figure for the project, which is due to go before a special sitting of the city council’s planning committee next month for final approval.
Hicks and fellow American George Gillett took over Liverpool in March and have since revamped the club’s plans for a new stadium.
Hicks, who was attending a global sports industry forum in London ahead of Sunday’s NFL game between the New York Giants and the Miami Dolphins, admitted the projected cost had risen to “at least £400m.”
But he added: “I'm so excited about the new stadium because we'll be able to go do things for the fans we’ve never been able to do for them.”
The stadium will have a capacity of 60,000 – 15,000 more than Anfield – when it opens but that could increase to 75,000 in the future.
Hicks said: “Our fans are wonderful and over time we’ll be able to give them the amenities, comfort and ease of getting tickets they’ve never had before.”
He said neither he nor Gillett had any intention of cashing in on any future revenues at Anfield.
“People get involved in sport mainly because they have a passion rather than for the money,” he said. “There are far better investments I could make than buying a football team.”
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