Two weeks to save new LFC stadium

Bluetonic

No comment.

Two weeks to save new LFC stadium

Jul 13 2006

LIVERPOOL FC plans to build a new stadium face collapse if they do not come up with funding within two weeks.

Club executives must prove they have the financial backing and a timetable for construction in place by a crucial meeting on July 27 or £9m of European funding will be withdrawn.

It would almost certainly spell the end of the Stanley Park plans in the near future.

Contingency plans have been drawn up to make sure the cash earmarked for the scheme will be used on other regeneration projects if the club cannot find the finance.

Cllr Flo Clucas, executive member for Economic Development, said: "Contingency plans for the money to be used elsewhere within the timescale have been drawn up.

"If this package does not come together it will not be the fault of the public bodies, it will be Liverpool FC that will have failed.

"By July 27 we will know if that package is there." Last month, the Daily Post revealed that the club had not raised all the money needed to build its proposed new home at Stanley Park, according to the chief executive of the Northwest Development Agency.

Steven Broomhead said that the club's ability to finance its new stadium remained unclear.

In addition, it must raise the rest of the money needed to finance the construction of the stadium from the private sector.

The club has been in lengthy negotiations with banks and other potential private sector investors about financing arrangements for its new ground.

It asked Merseyside's Brussels-funded Objective 1 programme for £9m to assist with the infrastructure work.

Although the money cannot be used to fund the stadium it is vital for the works around it, which were promised to regenerate the area.

The July 27 deadline has been set because the funding pot must be allocated by December this year and all projects must be completed by December 08.

A further £9.2m has been applied for from the NWDA, although that cash is unlikely to be withdrawn in the near future.

The cost of the 60,000-seat stadium now stands at £190m and Liverpool has applied to the NWDA to provide £11m of funding for infrastructure work around the ground.

No one from the club was available for comment last night.

egan007

Good . maybe they will stay in Anfield rather than moving to yet another fishbowl

Bluetonic

Thats the only option, or a share with Everton where Liverpool City Council were the owners, with Everton and Liverpool at tenants.

yom 1

This is ridiculous. How have Liverpool not been able to find some investment in the last 2 years especially since they became Champions of Europe. Moores and Parry seriously missed the boat. The funding should have been found a long time ago. Now if they find any it will be a quick fix solution which isn't in the best interests of the club. Liverpool are seriously missing out on gate receipts and by the looks of things will be for some while yet.

Pat on the back for a job well done!!:mad:

Dont be at yourself

With the money they've been spending on players etc recently, surely they must have some investment organised to fund the stadium?

Emmo

**** that ****e, moving out to Kirkby with the blue noses.

Nah Liverpool will get their stadium but it will take an investment / 3rd party funding / take over to make it happen.

Kraft would have been perfect.

Emmo