Liverpool's proposed new £350m stadium at Stanley Park may not go ahead following doubts over funding.

The news comes following a shock decision from co owner Tom Hicks to delay the building of a stadium in Texas, after failing to secure financing for the Glorypark mixed-use development in Arlington, Texas that was scheduled to open in March 2010.

It is believed Hicks must find funding over the next few months to build the club's new stadium.

But if his Hicks Holdings group have been unable to find the cash in the current market for their Arlington plans, critics in the UK will wonder how the money for the move will be raised in the current financial climate.

Hicks' announcement over the Arlington stadium comes a week after a Dallas hotel project in which he is also involved was delayed.

Construction was scheduled to start this spring on the Glorypark project adjacent to the Texas Rangers Ballpark in Arlington, and close to the Dallas Cowboys new 1.1 billion dollar stadium.

Source: CN News