New Stadium Latest

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Liverpool Chief Executive Rick Parry has denied claims that the club are struggling to come up with the funds for the proposed new 60,000 seater stadium on Stanley Park.

Despite numerous announcements and designs being published to the press surrounding the stadium, no real development seems to have occurred since the idea was first confirmed by the club over six years ago.

With team manager Rafael Benitez keen on strengthening his squad this summer and looking for further transfer funds from the club, doubts have been cast on whether Liverpool will be able to afford the stadium, estimated to cost £190million.

But Parry says, “There is a lot of work going on and the situation is coming to a head relatively soon.

“It is a hugely important project and we are certainly looking at a matter of weeks and it is still something we are determined to bring off, too much work has gone into it for us to fail at this hurdle.”

Liverpool have until the end of the month to prove that they have the sufficient funds to build the new stadium, or face losing grants of around £20million from the EU and Northwest Development Agency.

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