nopic
Register or sign in with your FaceBook account by clicking the button below
Share

Credit crunch halts Reds stadium

By PA Sport  October 05, 2008
Credit crunch halts Reds stadium
Credit crunch halts Reds stadium
qoute
Ground share is not being considered...
qoute_bottom

Liverpool chief executive Rick Parry insisted the club's new stadium will still be built - but only after the current financial turmoil stabilises.

Parry also made it clear that the club's opposition to ground sharing with Everton has not changed.

"Ground share is not being considered. With the financial markets in the turmoil as they are, any major construction project at this time is difficult, it is risky," Parry told BBC Five Live's Sportsweek.

"It is a case of a delay while things settle down, it is still a very, very good long term project. The economics of it still make underlying sense.

"I do not see any change in direction or any change in plans, and ground share is not back on the agenda.

"The point is, at this moment it is not the most sensible time to be borrowing huge amounts of money with the markets in turmoil. That will settle down and availability of money will increase.

"The project makes long term sense, it is the supply of money that is an issue, that will correct itself in time."

The ownership of the club is also unlikely to change at present, said Parry.

He said: "It has gone quiet and everyone is delighted. The focus at Liverpool should only ever be on football.

"All is relatively stable, I am not aware of anything that is happening regarding the sale of the club at this moment. My focus is on day-to-day things and making sure we deliver."

Copyright (c) PA Sport 2008, All Rights Reserved.

Advertisement
dot arrow
Quick Navigation
dot arrow
Premiership Results
Advertisement
dot arrow
Premier League
Arsenal Aston Villa Birmingham Blackburn Rovers Bolton Wanderers
Burnley Chelsea Everton Fulham Hull City
Liverpool Manchester City Manchester United Portsmouth Stoke City
Sunderland Tottenham Hotspur West Ham United Wigan Athletic Wolverhampton Wanderers
Gunners move back to the summit: Match Review
Gunners move back to the summit:  Match Review Arsenal showed the spirit of champions to overcome the dismissal of defender Thomas Vermaelen as they

Arsene Wenger hailed the new-found maturity of his young Arsenal side

Arsenal overcame the sending off of defender Thomas Vermaelen to battle back to the top of the

James Harper's late strike rescued a 1-1 draw for Sheffield United

Striker Nicolas Anelka has given the broadest hint yet that he is ready to

Manager Sam Allardyce has a number of injury problems to cope with ahead of Blackburn

Gianfranco Zola is adamant David Gold and David Sullivan are not compromising