Football club blames global market conditions and gives no indication when work will restart

Liverpool Football Club has confirmed it has delayed construction work on its new 60,000-seater stadium, despite Laing O’Rourke starting site works in June.

Liverpool FC stadium

A short statement from the football club said that the stadium construction, “Like many other major development projects in the UK and overseas” was affected by the “global market conditions.” It said construction work was being delayed in the “short term” but failed to specify exactly how long the delay would be.

There has been widespread speculation that Liverpool’s owners, US tycoons George Gillett and Tom Hicks, have been struggling to raise funding for the £400m stadium.

The statement added that the football club would use the extra time to develop proposals to increase the capacity of the stadium, designed by Ryder HKS, to 73,000.