Credit crunch halts Reds stadium plans

3:37pm Sunday 5th October 2008

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."

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