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Liverpool owners face stadium backlash

Liverpool's American owners are facing a major credit crunch backlash over stalled plans to build a new stadium for the Reds.

Tom Hicks and George Gillett may need to put in as much as £100m of their own money if they want to borrow a further £200m.

And that casts massive doubt over their ability to go ahead with the ambition of building the 70,000 seat-plus super stadium, designed by Dallas based architects HKS and rolled out amid a fanfare of publicity last year.

Given the global credit crunch, banks are no longer prepared to allow 100 per cent borrowings and are currently asking for at least one third of the amount needed for major projects to be put up front by would-be borrowers, reports the Liverpool Echo.

The worldwide clampdown on lending means they would still face huge problems raising the deposit now needed for what is effectively a mortgage to build a new Anfield.

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Tribal Football Staff

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