There have been constant doubts surrounding the proposed move to a new 60,000 - seat stadium at Stanley Park because of finances and the unrest in the Anfield boardroom between Hicks and co-owner George Gillett.

Liverpool City Council gave the green light for the new ground last week after granting planning permission and Hicks says work will begin in September and be open for 2011.

"Site work will start in September and actual construction in late October/early November, with completion in time for the season starting in August 2011," Hicks told the Sunday Mirror.

Reds boss Rafa Benitez welcomed the news on the stadium and says it is vital Liverpool move to a new home so as to bring more money into the club.

"I am concentrating on my team right now but it's clear it will be a massive help to Liverpool to have a bigger stadium," said the Spaniard. "To get larger crowds will help bring in money to sign top players," said Benitez.