Liverpool have announced that the plans for their new stadium in Stanley Park have been delayed yet again.
The announcement comes amid concerns that American owners Tom Hicks and George Gillett were struggling to raise the funds for the £400million new ground, which will be built adjacent to the current Anfield site.
When the Americans took over 18 months ago they immediately redesigned previous plans and had to apply for new planning permission.
The current global credit crunch is being blamed for the latest delay, even though preliminary work has commenced around the Stanley Park site.
The club statement said: “Our commitment to building a new world-class LFC 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.”