Liverpool Scale Back Stadium Plans

Premier League club Liverpool has been forced to scale back its plans for a new stadium in Stanley Park after costs spiralled to over £400m.

Despite the decision to reduce the investment in the new stadium, club chief executive Rick Parry re-emphasised the club are still committed to building a new 70,000-capacity ground.

Parry said the design would be ‘slightly downgraded’ from plans released earlier this year.

He said: ‘It will be a massive improvement on where we were 12 months ago, if not quite as dramatic as the plans unveiled in the summer. We are now considering two schemes but the stadium will be a 70,000-seater.

‘The new stadium will be a significant improvement on the original plans and a slightly downgraded version of the new ones. The single tier Kop remains fundamental to the design and we are not expecting any delays – it should be on schedule for 2011.’