The failure of Buckingham Group may leave subcontractors working on the development of the Anfield Road stand with unpaid obligations of up to £20 million.
When it became known that Buckingham had submitted a notice of intention to appoint administrators, work on the new stand was put on hold last month.
After that, the Stowe-based business folded, which resulted in the loss of nearly 500 jobs and an additional delay in starting work at Anfield.
Additionally, they reportedly went out of business while owing a lot of money to numerous creditors connected to that project, per a report by Construction Enquirer.
However, their pursuit of the money owed to them by the failing contractor is likely to drag on for some time. Liverpool FC is aware that they have also made steps to guarantee that those subcontractors who were initially involved in the development have been rehired.
This week, work has resumed, including finishing the unfinished outside brickwork.
The top tier of the new stand won’t be open for the next matches against West Ham, Leicester City, and Royale Union Saint-Gilloise due to building delays.
However, there is hope that, as per the original plans made before Buckingham’s difficulties became public, a staged opening of the upper section can then start.
On October 21, Liverpool welcomes Merseyside rivals Everton to Anfield for their first home match following the aforementioned three games.
