Liverpool owner Henry confirms money to rebuild Anfield is available

Liverpool owner John W Henry has promised Reds supporters that the money for rebuilding Anfield will be made available in the near future, the Independent has reported, and he vowed not to repeat the mistakes of his predecessors, George Gillett Jnr and Tom Hicks.

Hicks and Gillett claimed that building work would begin within 60 days of their taking control of the club after a ceremony in Stanley Park, then the proposed site of Liverpool’s new home. But the owners had not put in place the funds for the building of a brand new stadium and little progress was made thereafter.

Henry said: “They [Hicks and Gillett] were talking about going out and borrowing an enormous amount of money for an enormous facility,” adding: “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.

Liverpool intend to raise the capacity of Anfield from around 45,000 to 60,000, in an effort to match the income from the likes of Old Trafford and the Emirates Stadium on a match day. The city council has bought a number of properties around the ground in order to demolish them when building work on Anfield starts, while the final eight of the 30 could be obtained through compulsory purchase orders before February. The newspaper also claims Liverpool will not sell naming rights to Anfield despite the income it could generate.

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