Sep 11, 2013, 4:03 PM EDT
John W. Henry made it clear. Financing will not be a problem. Although his predecessors in Liverpool’s ownership box, Tom Hicks and George Gillett, couldn’t get the money to build a new stadium or refurbish the current one, financing will not be an issue for Henry and his ownership group.
Instead, property issues around Anfield are the only things that stand in the way of the $243 million refurbishment of Liverpool’s current home, with the city and a local housing authority making progress toward securing the land needed to start the club’s much-anticipated project.
Those properties are still in private hands, and until deals can be negotiated with their current owners, Henry and LFC remain in a holding pattern.
From The Guardian’s reporting:
“We are making good progress,” added Henry. “We have a lot of different groups working very well together and having everybody on the same page is the key to a big project like this happening and pretty much everyone is on the same page. The obstacles are not completely out of the way but we seem to be moving in that direction … We don’t have all the houses but we are making progress.”
The planning application for Anfield’s modifications will only be submitted once the city has secured all the necessary properties, leaving the exact nature of the changes unknown. The Guardian, however, is reporting a refurbished Anfield will include a new main stand as well as a buildup at the Anfield Road end.
None of which, Henry stressed, will affect what the club is able to do on the field:
“… it will pay for itself. It’s actually a positive. It’s one of the reasons we are doing it. It still provides excess cash. This is the direction that makes financial sense for the club in the long term.”
The key point in all Henry’s comments, however, was the financing. Troubles securing a way to pay for their projects not only undermined Hicks and Gillett’s attempts to solve the Anfield problem but also undermined supporter faith in owners who’d staked their credibility on securing a new stadium. Henry’s never made such promises but inherits the legacy of his predecessor’s errors.
That’s why he wants to make it clear – funding the project is a non-issue:
“They [Hicks and Gillett] were talking about going out and borrowing an enormous amount of money for an enormous facility. That’s not what we are doing here. One of their problems is that they weren’t able to get financing.
“When this [project] happens, that won’t be the problem. We just need certainty with regard to these properties.”
Forgive Liverpool fans, walked down this road before, if they withhold optimism. They may not want to jinx it. It does, however, sound like progress has been made, plans are ready, and only the details remain. You don’t want to trivialize those details, since they involve people’s lives and property, but if the question is how much closer we are to a renovated Anfield, the answer is ‘closer than ever.’
Sep 19, 2014, 7:17 PM EDT
UEFA president Michel Platini doesn’t wish to give into FIFA’s pressure to return a watch gifted to him at the World Cup.
Sep 19, 2014, 6:31 PM EDT
Seattle Sounders FC have signed Nigerian defender Onyekachi Apam.
Sep 19, 2014, 5:58 PM EDT
Financial figures for Arsenal released by club today.
Sep 19, 2014, 4:40 PM EDT
Coritiba striker Joel brought out a one-of-a-kind goal celebration vs. Sao Paolo.
Sep 19, 2014, 3:35 PM EDT
Javier “Chicharito” Hernandez has sung the praises of former Manchester United boss Sir Alex Ferguson, who the forward believed was instrumental in getting himself exposure in Europe.
Sep 19, 2014, 3:06 PM EDT
Gareth Bale could one day return to Tottenham, but his waxing poetic on White Hart Lane is likely nothing more than political fare.
Sep 19, 2014, 2:24 PM EDT
Of course it’s possible that Louis van Gaal could bring Ronaldo to Manchester United, but he doesn’t believe his current team is interested.
Sep 19, 2014, 1:46 PM EDT
How many times in his life has Ronaldinho performed this task with flair (or at least adequately)?
Sep 19, 2014, 12:55 PM EDT
Tim Howard’s stint as No. 1 USMNT backstop may be on hiatus, but the battle of who’s the top American goalkeeper in the Premier League is on
Sep 19, 2014, 12:05 PM EDT
An even rivalry heads to Loftus Road to start its season series on Saturday, kicking off the Premier League weekend.
Sep 19, 2014, 12:00 PM EDT
Where and how to watch every PL game during Week 5, right here.
Sep 19, 2014, 11:20 AM EDT
A Washington Post report asks why Hope Solo is being celebrated for her on-field efforts while awaiting the results of her not guilty plea to domestic abuse charges.
Sep 19, 2014, 10:32 AM EDT
It’s not about the Impact, the CONCACAF Champions League or the club’s record. For Di Vaio, it’s about home.
Sep 19, 2014, 9:25 AM EDT
Perhaps the investigation took a bit too long, but it seems many athletes did not understand the depths of their joke usage.
Sep 19, 2014, 8:40 AM EDT
You can watch the video of the ‘premeditated’ act inside. Six months is fairly understandable, no?
Sep 19, 2014, 7:48 AM EDT
The required capacity for the final was a minimum of 70,000 seats, which certainly helped England near the front of the pack.
Sep 19, 2014, 12:06 AM EDT
Win U.S. Open Cup on Tuesday. Drop a few bars in New York on Thursday. You know: #JustClintDempseyThings.
Sep 18, 2014, 11:32 PM EDT
Sporting took a big step toward getting out of Group 2 thanks to its Spanish winger.
Sep 18, 2014, 10:50 PM EDT
Awkward bounces made a disorganized El Tri look awful and the high-powered USWNT look pedestrian in a 4-0 decision on Thursday night.
Sep 18, 2014, 9:22 PM EDT
Users decided to make the new art’s white space into a plus, ditching the high brow concept in favor of more appealing products.
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