Hicks insists new stadium will be delivered

Liverpool co-owner Tom Hicks says the club’s proposed new 60,000 seater stadium will definitely still be build once the global recession is over.

Hicks and business partner George Gillett have come under immense criticism for delays to the stadium work since their initial promises when they purchased the club in February 2007.

Now there are fears that the state of Hicks’ finances, illustrated by financial trouble for his American baseball club the Texas Rangers, could hold back the Reds’ new stadium even further.

But Hicks insists it’s only a matter of waiting for the global market to recover.

He says, “Rangers and Liverpool are totally separate investments, so there is no connection. I do plan to keep a significant participation in the Rangers. We are close to winning our division. I want to finish what we have started.

“Liverpool will obtain stadium financing when the financial market opens back up. We have all of our permits and will be ready when the market is ready.”

Hicks also added that he is happy with the work of the club’s new managing director Christian Purslow who came to the club in the summer following Rick Parry’s resignation as Chief Executive.

He continued, “Christian Purslow is working hard. Liverpool’s new management focus is producing great new commercial results that will become known in due time.”