Liverpool FC principal owner John Henry insists finance will not be an issue once the club receive the green light for their redevelopment of Anfield.

And Henry has also reiterated squad strengthening will not be compromised by the planned £150million project.

Last October Fenway Sports Group announced their intention to raise the current capacity of Anfield to 60000 by overhauling both the Main Stand and the Anfield Road End.

The American owners will make a planning application once the remaining houses that need to be demolished to make way for the expansion plans have been purchased.

Previous owners Tom Hicks and George Gillett were granted planning permission to build a new stadium on Stanley Park but were unable to raise the required funds.

Henry though is adamant there are no such issues regarding finance with the latest proposal.

“When this (the redevelopment) happens that won’t be the problem” said Henry.

“They (Hicks and Gillett) were talking about going out and borrowing an enormous amount of money for an enormous facility. That’s not what we are doing here.

“One of their problems is they weren’t able to get financing.

“We are making good progress. We have a lot of different groups working very well together and that’s the key to a big project like this happening when everybody is on the same page and pretty much everyone is on the same page.

“I think we were clear at one point that what made financial sense was going in this direction (the redevelopment). This is the direction that makes financial sense for the club in the long term.”

Liverpool City Council and social housing developer Your Housing Group have led negotiations with residents with only a fraction of the 90 houses required for demolition yet to be bought.

“The obstacles are being overcome” added Henry.

“We don’t have all the houses yet but we are making progress.

“We just need certainty with regard to these properties. The number of properties is being reduced.

“The City Council is doing everything they can and that’s all we can ask. Not just the City Council but Your Housing and everyone associated with this are all on the same page the regeneration we’re all on the same page.”