SCOUSERS SCRAMBLING FOR CASH

Last updated : 10 September 2004 By Editor
As if Friday's weren't enough to bring a smile to your face this from Mihir Bose in the Telegraph will probably have you grinning like a Cheshire cat.

Steve Morgan, the man who has coveted Liverpool for so long, is losing interest
in buying the Anfield club after taking a close look at their accounts. Morgan has been waging a battle for control of the club with current chairman David Moores and three weeks ago it seemed the pair had struck a deal.

Local businessman Morgan, who has made his fortune from the building industry, was prepared to pay £73 million for a 29.9 per cent share of the club after Moores failed to complete a deal with the Thai Prime Minister.

However, it seems Morgan has discovered that cost of building the club's
proposed new stadium is £40 million more than the £80 million he thought.

The club had been hoping for a grant of £15 million from the European Union and that the Northwest Development Agency (Ed. Who just happen to have their HQ in Liverpool) would provide the rest, but their chief executive has made it clear the money will only come if Liverpool groundshare with Everton.

Rick Parry, Liverpool's chief executive, rejects such a suggestion. "We
philosophically feel it should be a single-use stadium," he said. "Our supporters
are among the strongest in opposition to ground sharing."

Or just sharing in general.