Thursday, September 28, 2006

A Step Closer For New Anfield

Liverpool Granted 9 Million GBP Funding For Stadium

Plans for Liverpool's new stadium moved a step closer on Thursday after £9million of European funding was confirmed.

The Objective One money will be used to regenerate community facilities in the Anfield area and is an integral part of the scheme.

The decision to award the Reds the money was made at a meeting at the Cunard building in Liverpool after the club guaranteed £160 million funding for the entire project was in place.

The European money will not be spent on the 60,000-seater stadium but the regeneration of the surrounding area.

It includes schemes such as the restoration of nearby Stanley Park, where the stadium will be built, and the creation of a shop-lined plaza on the site of the current ground.

Councillor Flo Clucas, chairman of the Objective One project selection sub-committee, said: "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.''

Reds chief executive Rick Parry welcomed the decision of the committee.

He 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.''

Drogballs: Great news, although I don't quite understand all these financial stuff and how all these money stuff works, but definitely a great news. It's a step forward for us and hopefully, the board will be able to find the money to fund the stadium, which will definitely cost a bomb.

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