Decision day in Anfield bid for EU stadium cash

[Taffy]

I happen to agree with you

I hope you're right! This issue needs to be resolved now so that we can all look forward and move on.

[Pacman]

The Norwegian site are claiming the money is there

[ronan]

thats because theyre a few hours ahead of us.

[Mumsafan]

thats because theyre a few hours ahead of us.

[Fagan]

The Norwegian site are claiming the money is there

Can anyone translate, just been on liverpool.no, It shows parry but my translation function doesn't work.

[Miracle@Istanbul]

It is currently being reported on Radio Merseyside that we have the funding in place and the council will release the regeneration funds.

Good News.

[Mumsafan]

It is currently being reported on Radio Merseyside that we have the funding in place and the council will release the regeneration funds.

Good News.

Yay!!!!!!!!!!!!!!!!

[livvy145]

From the official site

http://www.liverpoolfc.tv/news/drill...60928-1246.htm

http://www.liverpoolfc.tv/news/drill...60928-1247.htm

[Morph]

Maybe I'm looking at this too simplistically, but how hard can it be for a club of our size to secure a bank loan, to prove that we have the funds for the stadium. If someone like Kraft comes along, he can choose to refinance that loan in a way thats suitable to him. Thus we aren't dependant on investment.

Then again if I was Moore's I think I would have paid for the stadium myself. Him and his family are worth over 1255m, that's more than you're going to realistically spend in your lifetime. He could have built it, would have recived massive praise from the supporters,and have gone down in history as giving us a stadium.

[Maestro]

From the official site

http://www.liverpoolfc.tv/news/drill...60928-1246.htm

http://www.liverpoolfc.tv/news/drill...60928-1247.htm

Very interesting reading - especially this bit:

Liverpool FC provided satisfactory evidence that the funding is available to it to build a new stadium and the award was made on that basis.

[nobbylad]

Info received or just a hunch Nobby?

Would never want to pretend I had insider info if I didn't.

Although it doesn't take a genius to work out that the club keeps it's cards very close to it's chest in ALL financial and other club matters.

With many interested parties on the periphery, whether it be in transfer dealings, sponsorship or investment; the club take a very measured approach and ensure they have all their ducks in a row before making any moves.

Some see this as procrastination, I prefer to view it as prudent business acumen.

[Morph]

Wonder if/when they will release details on how they are going to finance it.

[JRC]

Maybe I'm looking at this too simplistically, but how hard can it be for a club of our size to secure a bank loan, to prove that we have the funds for the stadium. If someone like Kraft comes along, he can choose to refinance that loan in a way thats suitable to him. Thus we aren't dependant on investment.

Then again if I was Moore's I think I would have paid for the stadium myself. Him and his family are worth over 1255m, that's more than you're going to realistically spend in your lifetime. He could have built it, would have recived massive praise from the supporters,and have gone down in history as giving us a stadium.

Investment was always a Red Herring in respect of funding the Stadium, they are (almost) 2 seperate issues - the stadium would have to work on mortgage/loan vs increased revenue basis anyway. Investment or sponsorship may change the eact mix of finance, but it should always have been viable without investment. In some ways, investment can now proceed on a sounder basis, the Stadium funding being secured.

As to Moore's money, I'm sure the 1.2 billion relates to the net worth of the massively extended, internally divided and borderline dysfunctional Moores clan, of which David is one of many 3rd Generation members. He's not poor by any means, but doesn't have that kind of dosh - or probably even 5% of that kind of dosh - swilling around his personal bank accounts. If anything, Blush*te fans have more reason to complain that long-time Director (not sure if she still is) and 2nd Generation Moores family member Lady Grantchester hasn't put her hand in her purse as much for them, absolutely or proportionately.

[DeeGame]

Liverpool close in on new stadium



Liverpool's plans to build a new 60,000-capacity all-seater stadium have moved a step closer after the club secured crucial European funding.
The European Union Objective One grant of £9m will be spent on regenerating the area around the Stanley Park site.

Liverpool were given the money after guaranteeing that the £180m funding for the entire project is in place.

They can now claim £5m from Liverpool City Council and £8.9m from the Northwest Regional Development Agency.

The city council approved a 999-year lease on the stadium site - which is 300 yards away from Anfield - on 8 September.

Planning permission for the scheme came with the proviso that investment would be made in the surrounding area, including the park.

The European money will not be spent on the new stadium but on schemes such as the creation of a shop-lined plaza on the site of their current Anfield home.

Liverpool chief executive Rick Parry said: "It's another significant step forward in our plans for the building of a new stadium, which we have always seen as a catalyst for the regeneration of the whole area."

Councillor Flo Clucas, chairman of the Objective One project selection sub-committee, added: "This is a major step forward for the people of Anfield.

"It will underpin substantial investment by other partners, whose commitment will help transform the neighbourhood."

BBC

[DeanoUK]

What puzzles me is that the £9m was only given on the basis that LFC were able to prove they have the money to pay for the stadium in full.

Where have we got that (£180m-ish) money from? Just loans etc, or is there some kind of external investment we haven't heard about?