By Chris Bascombe, News of the World
Liverpool’s owners have failed in their latest attempt to show they will have the money to build the £400million Stanley Park stadium.
Representatives of Anfield owners Tom Hicks and George Gillett held a key meeting with officials from the North West Development Agency.
They were told to clarify their spending plans or risk losing a £9m grant, and being hit with a further bill of £25m if they fail to build at all.
However, no details of any financial securities to pay for the arena were given by the club.
Hicks and Gillett now have two months to raise the cash or lose the NWDA grant.That will lead to fresh interest from Dubai International Capital, which is intent on buying the club.
http://blogs.notw.co.uk/sport/2008/07/liverpool-stadi.html
