Hicks admits to hike in stadium cost

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Football News
Liverpool co-owner Tom Hicks has admitted that the projected cost of building a new stadium for the club has risen considerably but insists it will provide the fans with what they have been missing at Anfield.

Hicks and fellow American George Gillett took over in March and have since revamped plans for a new ground and hope to get Liverpool City Council´s approval at a meeting on November 5.

Originally the stadium, expected to open in August 2011, was expected to cost around £250m but Hicks conceded figures have had to be revised radically and that they had risen to "at least £400m".

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