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.’
Oct 24, 2014, 7:44 AM EDT
The European Club Association includes at least one club from every nation in UEFA and includes Manchester United, Chelsea and Barcelona.
Oct 24, 2014, 12:17 AM EDT
Previewing the last weekend of full-tilt MLS competition.
Oct 23, 2014, 11:06 PM EDT
Lille and Nigeria goalkeeper Vincent Enyeama thinks it would be dangerous to hold the Africa Cup of Nations with the Ebola outbreak.
Oct 23, 2014, 10:22 PM EDT
Brazil’s national football team has a new code of conduct under manager Dunga.
Oct 23, 2014, 8:57 PM EDT
Wonderful touch and power utilized on a first-class goal from Tottenham Hotspur midfielder Erik Lamela.
Oct 23, 2014, 8:20 PM EDT
Harry Kane notched a hat trick in Tottenham’s Europa League victory over Asteras Tripoli, and he then found himself manning the goal as a netminder following a Hugo Lloris red card.
Oct 23, 2014, 6:55 PM EDT
Lille and Everton played to a 0-0 draw at Stade Pierre-Mauroy in Europa League group stage competition.
Oct 23, 2014, 5:43 PM EDT
Manchester City’s Frank Lampard could be fit to play against West Ham in Premier League competition on Saturday.
Cristiano Ronaldo on El Clasico: ‘I won’t be playing against Messi. I’ll be playing against Barcelona.’
Oct 23, 2014, 4:53 PM EDT
“I won’t be playing against Messi — I’ll be playing against Barcelona,” says Ronaldo, concerning his duel with Barcelona’s Lionel Messi.
Oct 23, 2014, 3:45 PM EDT
Liverpool manager Brendan Rodgers likes what Mario Balotelli has to offer, but he’s unsure if the forward will last a while at Anfield.
Oct 23, 2014, 3:15 PM EDT
Will the Blues lose their first game of the season away at Old Trafford on Sunday? JPW and Prindi analyze that and more.
Oct 23, 2014, 2:30 PM EDT
Little Eddie won’t have a say in who he supports, but it’s all for a good cause.
Oct 23, 2014, 1:44 PM EDT
Free agent Valdes arrives to “train with the first team” at United.
Oct 23, 2014, 1:12 PM EDT
Gulati: “Jurgen is our coach and technical director, and I fully expect that to be the case through to the 2018 World Cup.”
Oct 23, 2014, 11:45 AM EDT
With Costa struggling to make the bench, plus Remy out, Chelsea are running out of strikers.
Oct 23, 2014, 11:04 AM EDT
Howard: “I know what he likes to do, but that doesn’t mean I will always be capable of stopping him.”
Oct 23, 2014, 10:22 AM EDT
Atlanta Falcons owner urges Beckham to link up with Miami Dolphins to sort out MLS stadium mess.
Oct 23, 2014, 9:36 AM EDT
A gang of 100 local men reportedly ambushed Everton fans outside city center pub.
Oct 23, 2014, 9:00 AM EDT
Will Saints swoop to sign former Liverpool star?
Oct 23, 2014, 8:34 AM EDT
Liverpool’s players react to Real Madrid humbling, as growing pains continue to spiral out of control.
- VIDEO: Can Manchester United beat Chelsea? PST Extra breaks it down 2
- MLS Atlanta urges David Beckham, Miami to share stadium with Dolphins 10
- Reality check: Outclassed by Real Madrid, what now for Liverpool? 0
- After winless October, USA drop out of top 20 in latest FIFA rankings 6
- PST’s MLS Rookie of the Year: Shipp, Hagglund, Akindele or Birnbaum? 0
- It’s official: World No. 3 Colombia to face USMNT in London on Nov. 14 0