Credit crunch halts Reds stadium - Sport in brief - Evening Standard
       

Credit crunch halts Reds stadium

Liverpool chief executive Rick Parry insisted the club's new stadium will still be built - but only after the current financial turmoil stabilises.

Parry also made it clear that the club's opposition to ground sharing with Everton has not changed.

"Ground share is not being considered. With the financial markets in the turmoil as they are, any major construction project at this time is difficult, it is risky," Parry told BBC Five Live's Sportsweek.

"It is a case of a delay while things settle down, it is still a very, very good long term project. The economics of it still make underlying sense.

"I do not see any change in direction or any change in plans, and ground share is not back on the agenda.

"The point is, at this moment it is not the most sensible time to be borrowing huge amounts of money with the markets in turmoil. That will settle down and availability of money will increase.

"The project makes long term sense, it is the supply of money that is an issue, that will correct itself in time."

The ownership of the club is also unlikely to change at present, said Parry.

He said: "It has gone quiet and everyone is delighted. The focus at Liverpool should only ever be on football.

"All is relatively stable, I am not aware of anything that is happening regarding the sale of the club at this moment. My focus is on day-to-day things and making sure we deliver."

Sport in brief in Pictures

Don't Miss
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity
'He’s a better ex than he was a husband', says Boris Johnson's ex wife

A better ex than husband

We talk to Boris Johnson's ex wife
TV Baftas - in pictures

Best of the Baftas

Stars on the red, white and blue carpet
You big softie: Has Giles Coren put down his poison pen?

You big softie

Has Giles Coren put down his poison pen?
Pop star Paloma Faith, former Labour minister and Tory blogger back gay marriage video

Gay marriage

Pop star, former Labour minister and Tory blogger back gay marriage video