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.’
Jan 29, 2015, 7:10 PM EST
What went down on Thursday, the 29th day of this January transfer window? A full recap, inside.
Jan 29, 2015, 5:36 PM EST
Agudelo is back in MLS, where he probably should have been all along.
Jan 29, 2015, 5:12 PM EST
The future boss at Anfield? Sturridge is quite sure of it.
Jan 29, 2015, 3:18 PM EST
Putin and Russia have already had to cut costs for the 2018 World Cup.
Jan 29, 2015, 2:43 PM EST
Arsenal’s main man is touch and go for this weekend’s game against Aston Villa.
Jan 29, 2015, 2:00 PM EST
Liverpool’s leading striker could return to action this Saturday after five months out.
Jan 29, 2015, 1:02 PM EST
With players out and title dreams on the line, how will Chelsea and City line up on Saturday?
Jan 29, 2015, 12:18 PM EST
Costa set to protest FA charges to avoid three-game ban.
Jan 29, 2015, 11:43 AM EST
Watch Klinsmann’s insane piece of skill from the friendly vs. Chile on Wednesday. My word.
Jan 29, 2015, 11:08 AM EST
Guinea won the lottery and are through to the last eight. Here’s the quarterfinal field for AFCON.
Jan 29, 2015, 9:45 AM EST
Former D.C. United, RSL and Union player heading back home?
Jan 29, 2015, 9:06 AM EST
With a few days left in the window, here’s the latest gossip.
Jan 29, 2015, 8:00 AM EST
Could Yaya link up with his old boss at the San Siro?
Jan 28, 2015, 11:10 PM EST
So what went down on Wednesday, as the transfer window took another step toward slamming shut?
Jan 28, 2015, 10:20 PM EST
Set up for a free kick outside the 18, Eriksen not only sent an arrow whizzing over the goal, but he managed to spin it into the far upper 90.
Jan 28, 2015, 9:58 PM EST
The La Liga giant has woked out a sponsorship deal with United Arab Emirates-based International Petroleum Investment Company (IPIC).
Jan 28, 2015, 9:17 PM EST
Jurgen Klinsmann remained upbeat, while Jozy Altidore was obviously disappointed.
Jan 28, 2015, 8:42 PM EST
Breaking down the good, the bad and the ugly from Wednesday’s 3-2 loss in Chile.
Jan 28, 2015, 8:15 PM EST
Jurgen Klinsmann said he played the 3-CB system because he had DeAndre Yedlin available. So did it work?
Jan 28, 2015, 8:00 PM EST
Another match fell apart in a haze of substitutions and mistakes as the United States blew a 2-1 lead in Rancagua on Wednesday night.
- DONE DEAL: Mattia Destro, Juan Agudelo sign with new clubs AC Milan, New England Revolution 0
- Juan Agudelo signs with New England Revolution, completes return to MLS 2
- How will Chelsea, Manchester City line up in huge Premier League clash? 1
- Chelsea’s Diego Costa to contest FA charge of violent conduct 0
- Freddy Adu heading back to MLS? Reports claims two teams interested 10
- Player Ratings: Some good, some not so good in Chile’s 3-2 win over the U.S. 15