Co-owners Tom Hicks and George Gillett have announced that the £400 million (€490m) arena will be delayed because of the global cash crisis.
Now it has emerged the delay could be for up to a year, while there is even more worrying suggestions that the Dubai investors who want to buy the club may be losing interest in the whole saga.
Liverpool fans are angry and stunned by further delays to the 60,000-capacity stadium, which Hicks and Gillett promised would be well under construction by now when they took over the club 18 months ago.
Dr Rogan Taylor, founder of the fans’ group ShareLiverpoolFC, who want to take the club into community ownership, hit out saying: “This has not come as a surprise. The Americans did not have any money for the stadium.
“We have been saying this for a long time. These guys are a broken record, they are the soap opera of Anfield Road. This just goes on and on and is just an excuse for not starting the stadium.
“A new stadium is essential to the business structure of a modern, great club. Just compare the matchday ‘take’ at Arsenal’s new Emirates Stadium or the money taken by Manchester United at Old Trafford. They pull in around three times what Liverpool manage for each match.
“If you add that up, 20 games a season, and those clubs are getting £50m (€62m) more than us each season simply by playing in a bigger stadium. You cannot keep up with them in these circumstances.
“I am embarrassed by what is going on at my club, certainly since the Americans’ takeover. It is a dangerous situation.
“This club is more vulnerable now than it has been in my entire 47 years of watching. It is a house of cards and a puff of wind can blow it over.’’
The Spirit of Shankly fans group, dedicated to removing the Americans from the club, are also angry.
Spokesman Jay McKenna said: “The owners have no money, no credibility and no dignity, and are not fit custodians of the club. We demand their immediate resignation and the sale of the club to fit and proper owners.”
Waiting in the wings are a Dubai consortium led by the oil state’s ruler Sheikh Mohammed bin Rashid Al Maktoum. They maintain they still have the money to buy out the Americans and that a deal is still on the table.
But sources suggest that their patience will not last forever. They have the money to build a stadium, but the spiralling cost has become an annoyance as the ownership saga has dragged on all year.
The club, however, insist the project will ultimately be pushed through.
A club statement read: “Our commitment to building a new world-class Liverpool Football Club stadium is undiminished.
“Like many other major development projects in the UK and overseas we are affected by global market conditions and, as such, work on the project will be delayed in the short term.
“We will use this period productively and revisit the plans for the stadium to increase its capacity to 73,000 seats.”