Topic: Stadium Postponed?

[RedSam]

Just seen this on est1892. If true we are the laughing stock of the Premier League (again). How soon before these 2 clowns (and fuckwit Parry) are gone from our great club forever?

Oliver Kay, August 29, 2008
The Times,

Postponement of stadium building casts further doubt on credibility of Tom Hicks and George Gillett Jr to drive club forward.

The troubled regime of Tom Hicks and George Gillett Jr at Liverpool suffered another severe blow last night when it emerged that they are preparing to postpone construction of the club's new stadium because of difficulties raising the funds in an unforgiving financial market.

Hicks and Gillett had hoped that the building of a 60,000-capacity stadium on the site at Stanley Park, barely a quarter of a mile from the club's Anfield home, would start within weeks, dispelling some of the concerns about their ability to drive Liverpool forward. But their apparent failure to do so casts further doubt about their credibility as owners, increasing the pressure on them to sell to Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.

The American tycoons will play down the significance of this latest setback, saying that the market conditions are not favourable for such large-scale borrowing, but, 18 months after they bought the club, pledging that building would start “within weeks”, it is another embarrassment that they could do without. According to one source, they were recently told by the Royal Bank of Scotland that they could borrow the money required for the £350million project on the condition that they could put up £200million in guarantees, but they have been unable to do so.

The Hicks-Gillett regime has appeared doomed since it emerged that they had invited Dubai International Capital (DIC), the private-equity investment arm of the Dubai Government, to buy a minority stake last October. Hicks blocked DIC's bid to buy the club for £400million earlier this year, but the Dubai interest remains, albeit now presented as a consortium headed by Sheikh Mohammed, rather than under the DIC banner. The Dubai consortium still expects Hicks and Gillett, whose relationship remains tense, to return to sell within months, aware that their most recent refinancing package is up for renewal in January, albeit with the option of a six-month extension.

[JohnBarnesBigToe]

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/7587609.stm

Just get the fuck out of our club you twats     

[reddwarf12003]

The delay is post on the club web site, due to the current economic climate.


TWATS

[kiwiscouser]

another fuck up by parry and moores.  Sheiks are recession proof!!

[Greg]

I know the reasons why not, but I think - and have always thought - this is the only thing that will push them to sell up.
Have Anfield half-empty on a match day and the banks will shit themselves, and in turn they'll put pressure on G&H to sell up.
It's a risky option, and yes, the players will be affected - but they're affected now, you can imagine Benitez is at the end of his tether with it - so I don't think there's anything to lose.

Protesting while in the ground is almost comically ineffective.  It's like sat eating a burger in McNasty's and week-in, week-out saying "it's not good enough you know" while buying a burger week-in, week-out.

I can see your point but it's hard to make it work. Can't remember how many season ticket holders there are - 27,000 or something? Them not going to the match will make no difference as they've already paid for their tickets. So it's the other 18,000 tickets that will make the difference. Tourists will buy them.

Not only that, but people simply won't do it.

[Alan_X]

There's a thread in Off the Pitch already.