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.’
Jul 24, 2014, 1:46 PM EDT
Herrera chats exclusively to PST: “If we are a humble team and we work hard, we will achieve our objectives and we will win trophies.”
Jul 24, 2014, 1:26 PM EDT
His dad played for El Tri, but California-born Fernando Arce Jr says his U-20 bow with the States makes him an American player “forever”
Jul 24, 2014, 1:00 PM EDT
Aston Villa, Manchester United and Manchester City all cruised, while Spurs had to find a late winner after coughing up a two-goal lead.
Jul 24, 2014, 12:47 PM EDT
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Jul 24, 2014, 12:15 PM EDT
Goran Milanovic is hoping the former American prodigy chooses to revitalize his career with FK Jagodina in the Serbian top flight.
Jul 24, 2014, 12:00 PM EDT
One of the best stories is United States men’s soccer history is about to move past the “playing career” chapter.
Jul 24, 2014, 11:47 AM EDT
How big of a deal is the Chelsea legend signing for New York City FC? It’s up there.
Jul 24, 2014, 11:14 AM EDT
Lampard: “I want to test myself, carry on challenging myself, I want to be that leader and that person on and off the pitch that can make things happen for this club.”
Jul 24, 2014, 10:51 AM EDT
The 36-year-old becomes New York City FC’s fourth player.
Jul 24, 2014, 10:25 AM EDT
The Manchester United boss proves that even Premier League training sessions sometimes echo your experiences on a youth travel team.
Jul 24, 2014, 10:09 AM EDT
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Jul 24, 2014, 9:29 AM EDT
The Ecuadorian star winger, 24, joins Gylfi Sigurdsson and Bafetimbi Gomis as players to beef up Garry Monk’s attack
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Jul 24, 2014, 9:01 AM EDT
Well, this sounds nice…
Jul 24, 2014, 8:23 AM EDT
The growing mess in Israel carried over onto the soccer fields of Austria, where Maccabi Haifa played a preseason friendly against Lille.
Jul 24, 2014, 7:45 AM EDT
Almost 90,000 fans in Los Angeles watched Manchester United put an old-fashioned punking on their hosts. And then both sides reacted.
Jul 23, 2014, 11:27 PM EDT
Surely one of these clubs enjoyed the sweeter side of this deal and here we set out to see who it was.
Jul 23, 2014, 10:40 PM EDT
Despite starting only 12 Premier League matches last year, James Milner has decided to remain at Manchester City and fight for his place.
Jul 23, 2014, 10:00 PM EDT
Catch the San Jose Earthquakes and Chicago Fire live on NBCSN and online via Live Extra tonight at 10:30pm ET.
Jul 23, 2014, 9:43 PM EDT
In a relaxed match featuring over forty players, the difference came in the 89th minute as Marco Borriello knocked home a corner.
Jul 23, 2014, 8:50 PM EDT
Rijeka have come forward to say they “clearly and unequivocally reject” City’s allegation of racism.
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