Football club blames global market conditions and gives no indication when work will restart
Liverpool Football Club has confirmed it has delayed construction work on its new 60,000-seater stadium, despite Laing O鈥橰ourke starting site works in June.
A short statement from the football club said that the stadium construction, 鈥淟ike many other major development projects in the UK and overseas鈥� was affected by the 鈥済lobal market conditions.鈥� It said construction work was being delayed in the 鈥渟hort term鈥� but failed to specify exactly how long the delay would be.
There has been widespread speculation that Liverpool鈥檚 owners, US tycoons George Gillett and Tom Hicks, have been struggling to raise funding for the 拢400m stadium.
The statement added that the football club would use the extra time to develop proposals to increase the capacity of the stadium, designed by Ryder HKS, to 73,000.
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