Liverpool says We have £150m ready for redevelopment of Anfield
Liverpool have the £150million required to finance the expansion of Anfield from 45,000 capacity to 60,000 just as soon as planning permission is granted.Club owner John W Henry has moved to allay fears that a repeat of the fiasco under his predecessors Tom Hicks and George Gillett Jnr - which saw plans for a new stadium shelved due to lack of finance - could occur.
Mersey makeover: Liverpool want to expand Anfield to increase capacity from 45,000 to 60,000
Money man: Henry says the cash is ready for Anfield development
And while the selling of naming rights are not an option for the club, Henry says the required cash will be available as soon the green light is given for construction to begin.
'They (Hicks and Gillett) were talking about going out and borrowing an enormous amount of money for an enormous facility,' Henry told the Independent.
'One of their problems is they weren't able to get financing. That's not what we are doing here. When (the planning permission goes in), that won't be the problem.'
All but eight of the 30 privately-owned houses needed to begin demolition have been acquired and Henry is confident progress will be made on the remaining properties soon.
'The number of properties is being reduced,' Henry said. 'We've always said you have to have certainty with regards to the properties because of the height of the stands and all the issues regarding that. That has been the biggest issue.'
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