LIVERPOOL, England (AP) -Liverpool's plan to replace Anfield with a new stadium has been delayed again.

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Liverpool previously said the stadium, to be built near Anfield in Stanley Park, would open for the 2011-12 season. No new timetable was given Friday.

``Like many other major development projects in the UK and overseas, we are affected by global market conditions, and as such work on the project will be delayed in the short term,'' the team said in a statement.

The announcement likely will increase speculation that co-owners Tom Hicks and George Gillett Jr. , who bought the team in March 2007, might be having cash-flow problems.

The Liverpool City Council granted permission on June 19 for a 60,000-seat stadium, which is expected to cost more than $730 million, and preliminary work began five days later. Liverpool said in its statement that it will propose increasing capacity to 73,000 seats.

Anfield, which opened in 1884 and has been extensively rebuilt, seats about 45,300.