Date:29th August 2008 at 9:56am
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From BBC Sport

Liverpool have revealed their plans for a new £350m stadium in Stanley Park will be delayed “in the short term”.

Reports had suggested Liverpool’s American co-owners Tom Hicks and George Gillett were struggling to raise funds for the next stage of the project.

A Liverpool spokesman said: “Our commitment to building a new world class LFC stadium is undiminished.

“Like many other major development projects in the UK and overseas we are affected by global market conditions.”

The spokesman revealed: “We will use this period productively and revisit the plans for the stadium to increase its capacity to 73,000 seats.”

Liverpool’s plans for their new home, which was expected to have a 60,000 capacity, were approved by the city council in May, but it now remains to be seen if and when serious work will begin on the stadium which was expected to be finished by August 2011.

When the Americans took over 18 months ago they immediately redesigned previous plans and had to allow for new planning permission.

The current credit crunch is being blamed for the latest delay, even though enabling work has already started in and around Stanley Park.