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.’
Dec 19, 2014, 5:30 PM EST
England’s number one keeper finally put pen to paper with a new deal that will keep him at the Etihad until 2019.
Dec 19, 2014, 4:40 PM EST
The Leicester City boss was also fined $15,000 by the FA following his altercation with a fan.
Dec 19, 2014, 3:55 PM EST
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Dec 19, 2014, 3:20 PM EST
In the Premier League, Brad Guzan is tasked with keeping Manchester United off the scoreboard.
Dec 19, 2014, 2:05 PM EST
Orlando City founder and president Phil Rawlins described Shea as a big addition to the squad.
Dec 19, 2014, 1:43 PM EST
Altidore’s production for his country and in the Eredivisie prove he’s a much better player than his horrible spell at Sunderland.
Dec 19, 2014, 12:52 PM EST
According to The Daily Express, Man Utd’s man if Mats Hummels won’t come over from Borussia Dortmund is Nicolas Otamendi of Valencia.
Dec 19, 2014, 12:00 PM EST
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Dec 19, 2014, 11:38 AM EST
“He had to make a step back in his recovery,” said Southampton boss Ronald Koeman.
Dec 19, 2014, 10:50 AM EST
Villa Park hasn’t been a fortress for the Villans, and that’s underlined when bigger teams visit.
Dec 19, 2014, 10:10 AM EST
Sporting also added Hungarian striker Kristian Nemeth and Haitian mid James Marcellin.
Dec 19, 2014, 10:02 AM EST
Here’s how PST’s lead writer and editor sees things panning out this weekend.
Dec 19, 2014, 9:06 AM EST
Mangala on visitors to the Etihad: “Normally, teams that are coming here play more defensively.”
Dec 19, 2014, 8:05 AM EST
And to think, all it took was months and months of continuous anger and frustration from nearly everyone who wasn’t a part of FIFA itself.
Dec 19, 2014, 7:45 AM EST
FIFA rankings… what a riot!
Dec 18, 2014, 11:50 PM EST
Luke Shaw is ready to make his return after nearly a month out of action.
Dec 18, 2014, 10:21 PM EST
Mix Diskerud is on the move, and he may be headed south of the border.
Dec 18, 2014, 9:14 PM EST
Chicharito isn’t getting games for Real Madrid, but his agent insists he won’t end his loan deal early.
Dec 18, 2014, 7:46 PM EST
It may be 14 years after the fact, but Paul Scholes is owning up to his fault in one of the greatest goals of all-time.
Dec 18, 2014, 6:20 PM EST
Inspired by Monday’s loss, the USWNT were out for vengeance — and goals — against Argentina.
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