by red37 » Thu Jul 27, 2006 1:13 pm
Cash is in place for new Anfield Jul 27 2006
By Chris Bascombe, Liverpool Echo
LIVERPOOL FC have assured European moneymen that cash to pay for their new stadium is in place.
Club officials will not attend a key meeting today when the future of £9m of European Objective One funding earmarked for the Stanley Park scheme could be decided.
But the Reds have already told the European Objective One committee that they have the resources to press ahead with the £190m, 60,000-seater stadium.
The European money will not be used to pay for the ground, but for the regeneration of the deprived Anfield and Breckfield communities nearby.
The Objective One committee had set a deadline of today for the club to confirm it has the privatemoney to pay forits share of the project.
In theory, it could now decide to take the money away from Liverpool if it is not happy with what the club is saying.
But it is far more likely that they will instead accept that progress is being made and extend the deadline to give the Reds more time to firm up their proposals.
Liverpool are hopeful the funding will remain in place, although club insiders insist if the decision goes against the club, it will not spell the end of their stadium plans.
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lets hope this is a step in the right direction.
TITANS of HOPE