Hicks feels credit crunch as Liverpool stadium plan in doubt

FRESH doubts have been raised over Liverpool co-owner Tom Hicks’ ability to fund the club’s proposed new home in Stanley Park following a shock decision to delay the building of a stadium in Texas.

Hicks admitted he has been unable to secure financing for the Glorypark mixed-use development in Arlington, Texas that was scheduled to open in March 2010. The £500million (€629.4m) venture has been put on hold because of the credit squeeze and troubled retail market.

Hicks said in an interview with the Dallas Morning News: “We are in the most difficult credit crunch I have seen the last 20 years.”