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.’
May 30, 2015, 11:54 AM EDT
Theo Walcott starts in favor of Olivier Giroud up front for Arsenal as they look to defend their FA Cup title.
May 30, 2015, 11:24 AM EDT
With Champions League and Europa League playing time, West Ham added an experienced goalkeeper to challenge Adrian for his starting spot.
May 30, 2015, 10:16 AM EDT
The United States picked up the only 3 points of the opening day games as Argentina, Panama, Ukraine, New Zealand, Ghana, and Austria all played to draws.
May 30, 2015, 8:56 AM EDT
After 503 Premier League appearances, 6 Premier League titles, and 81 caps for England, the former Manchester United great is calling it a career.
May 30, 2015, 8:24 AM EDT
After winning his fifth term atop FIFA, Sepp Blatter said the United States is overstepping its bounds by arresting members of his organization.
May 30, 2015, 7:38 AM EDT
The Fulham midfielder returned from injury to assist the opener and score the winner in a 2-1 victory.
May 30, 2015, 12:48 AM EDT
Three talking points from the latest installment of MLS’s “Viernes de Futbol.”
May 29, 2015, 11:20 PM EDT
Final: Sporting KC 4-0 FC Dallas
May 29, 2015, 10:01 PM EDT
Watch the lone first-half goal of the Sporting KC-FC Dallas match, televised on UniMas tonight.
May 29, 2015, 9:39 PM EDT
An important I.R.S official told The New York Times that more indictments in the FIFA corruption investigation will be released.
May 29, 2015, 8:35 PM EDT
Newcastle has released Ryan Taylor and Jonas Gutierrez.
May 29, 2015, 7:16 PM EDT
Orlando City SC made a big announcement earlier today regarding the future of the club.
May 29, 2015, 6:34 PM EDT
Barcelona has yet to pay the remaining 83 million euros of Neymar’s transfer fee, and his former club, Santos, will sue.
May 29, 2015, 5:41 PM EDT
The Men and Blazers speak with U.S. U-20 head man Tab Ramos ahead of the 2015 U-20 World Cup in New Zealand.
May 29, 2015, 5:05 PM EDT
FA chairman Greg Dyke thinks Sepp Blatter’s fifth term of FIFA presidency won’t last.
2014 MLS Cup rematch: For the New England Revolution, it’s a new season, different game against LA Galaxy
May 29, 2015, 4:10 PM EDT
On Fox Sports 1 this Sunday, the New England Revolution face LA Galaxy in a 2014 MLS Cup rematch.
May 29, 2015, 3:30 PM EDT
Chelsea’s title-winning team dominates our picks. But there are still plenty of surprise inclusions.
May 29, 2015, 3:20 PM EDT
As the soccer world continues to react to Sepp Blatter’s fifth-term as FIFA president, his 72-year-old former VP is basically telling the law to take a long walk off a short pier.
May 29, 2015, 2:05 PM EDT
We’re in the shadow of just one rushed afternoon, and the FBI and others are watching the money float off the yacht, hoping to strike.
May 29, 2015, 2:00 PM EDT
This award went down to the final vote. Do you agree with our pick?
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