The projected cost of building Liverpool Football Club's new stadium has rocketed to "at least £400m".
Tom Hicks: "I'm so excited about the new stadium"
The news of the £150m hike comes from the club's co-owner Tom Hicks, who together with fellow American George Gillett took over the club in March.
The Stanley Park stadium will have a capacity of 60,000 - 15,000 more than Anfield - when it opens, but that could increase to 75,000 in the future.
Plans go before planners at the city council on 5 November.
Mr Hicks said he was not worried about the radically revised figures: "I'm so excited about the new stadium because we'll be able to go do things for the fans we've never been able to do for them.
"Our fans are wonderful and over time we'll be able to give them the amenities, comfort and ease of getting tickets they have never had before."