Speaking at the club’s AGM at Liverpool’s Philharmonic Hall, Ryazantsev said:
Farhad Moshiri was equally bullish about the stadium plans and the club’s future in general.
“A new stadium is a necessity. We don’t have a choice. We don’t have a plan B or C.
”It is extremely expensive. It will cost us £100m more than other sites but it is like Mastermind. We have started so we will finish.
”I have spent £250m to turn a museum into a competitive outfit, we will complete the stadium. We will raise £350m through the city, the naming rights will be some more. There is an equity gap of £100m. This club is sufficiently robust to see this project through.
”If we want a big club we need a modern stadium.”