Delays for new Liverpool stadium

LIVERPOOL - Liverpool chief executive Rick Parry admitted on Sunday that the Premier League club's new stadium will not be built until the global credit crunch eases.

The Reds are planning to move out of Anfield to a new site at near-by Stanley Park, but the work has ground to a halt because of the financial turmoil engulfing banks and businesses across the world.

It is expected that the project will get back underway in the next year or so and Parry ruled out speculation that Liverpool may opt to share the new stadium with local rivals Everton to spread the burden of the cost.

Parry told BBC Five Live's Sportsweek: "With the financial markets in the turmoil as they are, any major construction project at this time is difficult, it is risky. “It is a case of a delay while things settle down.”