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60 days ... and we'll start building work on the pounds 215m New Anfield; LFC buyers back Reds' new stadium.


Byline: By NICK COLIGAN, MARY MURTAGH&IANHERNON

WORK should start on Liverpool FC's new stadium within the next 60 days, say the club's new owners.

George Gillett and Tom Hicks

For the English cricketer, see .
Thomas O. Hicks (born 1946 in Port Arthur, Texas), is a Dallas businessman. According to Forbes Magazine 2007, Tom Hicks has an estimated wealth of $1.3 billion.
 announced their support for the long-awaited ground move from Anfield into Stanley Park at yesterday's press conference.

The Americans' backing for the pounds 215m project will come as a relief for residents, as the transformation of the Anfield area hinges on the stadium's construction.

Work must start in the spring because public money has been allocated to the regeneration element of the plan, and it has to be spent by the end of 2008.

Hundreds homes are due to be built around the 60,000-seater ground, replacing derelict derelict n. something or someone who is abandoned, such as a ship left to drift at sea or a homeless person ignored by family and society.

(See: abandon, dereliction)


DERELICT, common law.
, boarded-up housing.

The remainder of Stanley Park would be restored to its Victorian splendour, while the shop-lined Anfield Plaza would replace the club's current home.

Mr Gillett claimed New Anfield would be "the greatest facility in this sport", while Mr Hicks Hicks   , Edward 1780-1849.

American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist.
 said the pair would bring in their own property experts to see if the proposal could be improved in any way.

The Americans also categorically denied their interest about a shared home with neighbours Everton FC had gone beyond Mr Gillett's first meeting with chief executive Rick Parry Rick Parry (born on 23rd February 1955) is the chief executive of Liverpool Football Club, and former head of the FA Premier League. Career
Rick Parry was educated at Ellesmere Port Grammar School and the University of Liverpool.
.

Mr Gillett said: "If we are to preserve the grants - and we are extraordinarily appreciative of the community grants - the shovel needs to be in the ground in the next 60 days or so.

"We intend to follow that. I think we will see the beginning of a big 'swimming pool' being dug out in Stanley Park relatively soon.

"We are very supportive of the Stanley Park plan and the building of a facility that we hope will be the greatest in this sport.

"One of the reasons for that is we operate some of the most successful buildings in the world, independent of our sports teams.

"We work hard on design, development and making sure the quality of the fans' experience is unparalleled. That is what this is really about."

With technical hitches briefly stalling the finalisation n. 1. same as finalization.

Noun 1. finalisation - the act of finalizing
finalization

mop up, windup, completion, culmination, closing - a concluding action
 of the takeover yesterday morning, Mr Gillett and Mr Hicks wasted no time in receiving a briefing about New Anfield.

Mr Hicks said: "We took advant- age of the delay this morning and met with the project manager on the stadium, who has been working with Rick.

"He gave us a lot of insight to the unique planning circumstances.

"We have our own people to take a fresh look to see if, within the confines con·fine  
v. con·fined, con·fin·ing, con·fines

v.tr.
1. To keep within bounds; restrict: Please confine your remarks to the issues at hand. See Synonyms at limit.
 of what has been planned, to look at new ideas that would be good for the fans.

"We have been talking about some of these ideas, so this will come together very guickly."

New Anfield was given the go-ahead by Liverpool council three years ago, but spiralling costs placed a question mark over its viability.

The project successfully won a pounds 9m European grant last year to fund the regeneration of the area around the new ground.

But it must be spent by the end of 2008, or the money will be returned to Brussels.

CLUB shareholders can look forward to a cash windfall windfall

An unexpected profit or gain. An investor holding a stock that increases greatly in price because of an unexpected takeover offer receives a windfall.
 thanks to yesterday's sale.

But the taxman will want his money too, city accountancy firm Duncan Sheard Glass has warned.

DSG DSG Direct Shift Gearbox (Audi)
DSG Dosage
DSG Deputy Secretary General
DSG Dressing
DSG Designate
DSG Desmoglein
DSG Duke Student Government (Duke University) 
 chairman and Liverpool shareholder Michael Pattison said: "Shareholders stand to make a windfall when the takeover of the club by

George Gillett and Tom Hicks is completed, with a payout of pounds 5,000 per share.

"However, it's not just the shareholders of Liverpool Football Club that will benefit from the American deal - but also the taxman.

"The windfall will mean that whatever shareholders receive will, subject to tax reliefs, be liable to capital gains tax.

"Smaller shareholders may not be affected if their capital gains are less than pounds 8,800 a year. Those with larger shareholdings that have been held for some time may find the position is more serious."

nick.coligan@liverpool.com

CAPTION(S):

GREAT PLANS: Above, new Reds owners George Gillett (left) and Tom Hicks (right) on the pitch at Anfield, shaking hands with chief executive Rick Parry. Right, Gillett (left) and Hicks (right) with Parry, speaking to the press after completing the purchase of Liverpool FC;
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Copyright 2007 Gale, Cengage Learning. All rights reserved.

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Publication:Liverpool Echo (Liverpool, England)
Date:Feb 7, 2007
Words:707
Previous Article:Football: Gillett son takes on director's job at LFC.
Next Article:Moores's home comforts helped clinch tycoon bid; 60 days ... and we'll start building work on the pounds 215m New Anfield.

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