Hicks claims he is still committed to building new stadium

Liverpool co-owner Tom Hicks claims he remains committed to building a new stadium for the club once "the financial market opens back up". Hicks who will pocket £450m through the imminent sale of his baseball franchise Texas Rangers insists that that money cannot be used to fund a new Liverpool stadium.

“Rangers and Liverpool are totally separate investments, so there is no connection,” said Hicks in the Daily Post.

“I do plan to keep a significant participation in the Rangers. We are close to winning our division. I want to finish what we have started.

“Liverpool will obtain stadium financing when the financial market opens back up. We have all of our permits and will be ready when the market is ready.”

“Christian Purslow is working hard. Liverpool’s new management focus is producing great new commercial results that will become known in due time.”