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SBD Global/September 11, 2013/Facilities

Liverpool Owner John Henry Says Finances In Place For $236M Anfield Renovation

Liverpool Owner John Henry says money is in place for Anfield revamp.
Fenway Sports Group "will have the cash to redevelop Anfield once property acquisitions, planning processes and other issues are resolved," according to John Thompson of the LIVERPOOL ECHO. That is the pledge from Liverpool Owner John Henry "to anyone doubting the Reds owners will put their money where their mouth is on ambitious" £150M ($236M) stadium redevelopment plans. The club "has endured a decade of failed stadium plans and broken promises under previous regimes." But if and when "certainty" with partners and processes is achieved, Henry said that "the cash will be there to fund it." Henry: "We are making good progress. There are a lot of different groups working very well together and that’s the key to a big project like this happening, when everybody is on the same page. When everybody is on the same page, we move forward" (LIVERPOOL ECHO, 9/10).

NO TIMEFRAME SET: In London, Andy Hunter reported Liverpool Chair Tom Werner "held further talks with council officials during a visit to Merseyside last week and the club hope a breakthrough is close in the long-running, controversial stadium saga." FSG's predecessors, Hicks and Gillett, "prolonged the delay during their near-ruinous tenure by scrapping stadium designs and then failing to secure funding for their preferred project." Henry "could not place a timeframe on a planning application for Anfield" (GUARDIAN, 9/10).
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