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Fears over Liverpool Stadium

Fresh doubts have been raised over Liverpool co-owner Tom Hicks' ability to fund the club's proposed new home in Stanley Park.

The news comes following a shock decision from Mr 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 £350 million 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.