Sep 11, 2013, 4:03 PM EST
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.’
Nov 25, 2014, 11:15 PM EST
There were a lot of fouls in the first leg of Los Angeles and Seattle’s Western Conference final, and some were quite serious.
Nov 25, 2014, 10:45 PM EST
Like many fun to watch goals, the magic of the shooter is magnified by the mistakes of the defenders.
Nov 25, 2014, 10:00 PM EST
“I think they have to accept we were too strong for them,” added Mourinho.
Nov 25, 2014, 9:16 PM EST
We’ll be following who else comes calling for the Princeton man.
Manchester United assistant Ryan Giggs thinks Chelsea’s the top dog, compares Louis van Gaal to Alex Ferguson
Nov 25, 2014, 8:05 PM EST
Giggs calls the Stamford Bridge club “head and shoulders above the Premier League” on the strength of their back four.
Nov 25, 2014, 7:13 PM EST
These will be hot in the summer. But are they hot now? What do you think?
Nov 25, 2014, 6:51 PM EST
Eleven players had their options declined on Tuesday, but Colorado says they could be back with the club in January.
Nov 25, 2014, 6:03 PM EST
Recapping all the action from around Europe after a pivotal matchday in UCL play.
Nov 25, 2014, 5:55 PM EST
Berahino scored in the next match after his arrest, but has since gone cold.
Nov 25, 2014, 5:32 PM EST
Rogers talked about how working with gay and lesbian youth organizations made him realize the impact he could make as an openly-gay player.
Nov 25, 2014, 5:22 PM EST
City’s late show sets up pulsating clash in the Italian capital next month.
Nov 25, 2014, 4:46 PM EST
Citizens grab last-gasp win to boost their chances of making the last 16.
Nov 25, 2014, 4:33 PM EST
Five different players netted as Chelsea picked up its largest road Champions League win since 1999.
Nov 25, 2014, 4:10 PM EST
Suarez is off and running for Barca with a goal of exceptional class. What else did you expect?
Nov 25, 2014, 3:46 PM EST
The only other active players in the Top Ten are Chelsea’s Didier Drogba (44) and Thierry Henry (50), who obviously isn’t active with a UEFA Champions League club.
Nov 25, 2014, 3:10 PM EST
With top-quality players hardly ever available in January, the Portguese international could be a hot commodity in England.
Nov 25, 2014, 2:33 PM EST
A urinary infection has Pele in the hospital just 10 days after being released following surgery.
Nov 25, 2014, 1:55 PM EST
Follow the latest batch of UEFA Champions League matches, right here.
Nov 25, 2014, 1:05 PM EST
To be completed in two phases,
Nov 25, 2014, 12:11 PM EST
“Air Marshall” not only earned his nickname, but helped to solidify an otherwise shaky back line.
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