( dpa ) - Liverpool revealed the latest design for their new stadium Friday while also confirming that they have completed a financing package worth 350 million pounds (686 million dollars).
The English Premier League club intend building the 71,000-seat stadium close to their current home Anfield in time for the 2011-12 season.
The venue at Stanley Park with be designed by architectural firm HKS.
Kop Football Holdings (Ltd), the holding company of American owners Tom Hicks and George Gillett, confirmed that of the 350- million-pound refinancing package, 105 million will be debt tied to the club.
"The new financing will meet all of the club's current financial needs and includes facilities to support the commencement of construction for the new stadium at Stanley Park and to provide working capital for the club and future player transfers," said the company in a statement.
"Of the 350 million-pound financing, 105 million is club-level debt that will be used to fund commencement of construction of the new stadium at Stanley Park, for future player transfers, and to meet the club's working capital needs.
The other 245 million will be at the holding company level and was used to refinance the 60 million of debt that was on the club's books at the time of last year's acquisition as well as the loan related to the share purchase at that time."
Hicks also reiterated in a statement his support for current manager Rafael Benitez, dismissing speculation that the Spaniard could be on his way out of the club following the admission by Hicks and Gillett that they had sounded out Juergen Klinsmann as a possible replacement.
"Since the meeting with Rafa on December 16th, at which some widely reported communications issues were discussed, Rafa has been assured that he has continuing and enthusiastic support as the club's manager," said Hicks.
"Reflecting that support, Kop recently approved his transfer payment request to sign Martin Skrtel for 6.5 million pounds and is in discussions with Rafa and club management regarding additional player signings this summer.
"Rafa is under contract for two more seasons following this season. I am solidly behind Rafa and am confident of the team's competitive prospects under his continuing leadership."