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 Posted by ESPN Staff
Sep 25, 2006

Grounds for concern over Liverpool's new stadium?

On the pitch Liverpool march back into Champions League combat this week while off it, key shareholder Steve Morgan is once again emerging as a major player in the club's financial future.

Boss Rafael Benitez will be looking for a confidence-boosting victory over Galatasaray on Wednesday, but there is almost as much interest on the boardroom politics as Liverpool struggle to find the £180million it will cost to start work on their new stadium.

They are being asked by local councillors and officials who hold the purse strings to £20million of European and government grants, to prove they have the cash by the end of the week.

Whether they can do that depends on the outcome of more informal talks between Morgan - the club's third largest shareholder - and the board.

But sources close to Morgan insist that the building tycoon, who has moved back to the area from Jersey and now lives in a purpose-built mansion in Cheshire, has not made as yet his fifth bid to buy his way onto the board.

And he has also rejected any suggestion that he would be willing to become part of a consortium to buy out chairman David Moores.

The source said: 'There are senior shareholders who want to see Morgan and Moores work together on the same board, but Morgan has not made another bid just yet and won't become involved with anyone else.

'He prefers to row his own boat on such things.'

Morgan and Moores have been at loggerheads for years over who owns and runs the club, and majority shareholder Moores has always blocked Morgan's desire for a seat on the board.

But with time running out on Liverpool's bid to put together a financial package to keep their stadium plans on course, Morgan could become the pivotal player over the next few months.

The key could be whether Moores is prepared to release 15,000 of unsold shares, which Morgan could buy. Shares are valued at around £3,300 at the moment, and that could bring £50million of Morgan's money into the club.

The board are currently considering other proposals, one from a Dubai investment fund and another believed to be from a southern-based consortium.

But there are now prominent voices inside Anfield who would love to see Morgan and Moores bury the hatchet and work together for the future of the club.

That will be decided over the next few months, while Benitez will hope to have more Champions League points on the board by then to secure the side's immediate future on the pitch.

And a repeat of Saturday's 3-0 win over Spurs would certainly fit the bill, a game which saw Chile winger Mark Gonzalez score his first league goal for the club.

Gonzalez believes there is plenty more to come from him as he said: 'I like it that all the fans knew me and were watching me before I joined the club, because then they know the kind of player you are and the qualities you have.

'Now it's up to me to show them, because if people know what to expect, there's no reason why you can't show it.

'I feel I can contribute a lot of goals here, scoring and creating, just like I did in Spain. I always look for goals, and I think I'm the type of player who can get them.

'I want to show everything I have in my game. Right now I don't think I've shown everything for many reasons.

'I've not played a lot and I'm not used to English football yet. Hopefully that won't take long, but it's not easy. As soon as I adjust I'm sure I will be a different player.

'I'm happy with what I've done for now, with scoring two goals, but I'm determined to do a lot more.'