Liverpool are to Leave Anfield it was announced today at a Press conference and build a new ground at Stanley Park.

A 55,000-capacity stadium is to be built at nearby Stanley Park which will be ready for the 2005-2006 Season.

Original plans for a 70,000-all-seater stadium were cancelled because the cost would riseup to £120million.

Chief Executive Rick Parry told liverpoolfc.tv: "What we don't want to do - and what we won't ever do - is lose the focus that the team comes first.

"We always want to ensure the revenue is available for the manager to strengthen his squad.

"That is one reason why we haven't pressed ahead with our original plan for a 70,000 stadium. We don't want to have a huge financial millstone hanging around our necks.

"Our view is that this stadium is right for our needs.

"There is still a lot of work to do though and a number of obstacles to overcome yet.

"It will take time but I hope all of the fans are excited by what they can see."