LONDON (AP)—Liverpool’s new stadium will not be built until the global recession ends and credit becomes available to finance the $800 million project.
The 60,000-seat stadium to replace Liverpool’s historic but crumbling Anfield ground was to have opened next year, but the economic downturn forced co-owners Tom Hicks and George Gillett Jr. to stop work last August.
The American owners had said it would be a “short-term delay,” but they are still not able to put a date on when construction will resume.
“Construction on the stadium will begin when the current contraction in the banking industry ends and the global financial markets re-establish their equilibrium,” said Christian Purslow, Liverpool’s new managing director.
Anfield seats 45,000 and has just 34 luxury suites and few amenities to generate extra revenue.
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