Both the city council and the North West Development Agency (NWDA) have hit out at newspaper reports claiming the controversial Stanley Park scheme is set to land a £10 million agency grant.
According to the Liverpool Echo, the NWDA is on the verge of 'rubber stamping' a grant to kick-start the project, which includes plans to build a 60,000-seat stadium and regenerate the surrounding area.
However, a spokesman for the council said it was still far too early to say whether the funding bid had been successful.
He said: 'The Echostory is entirely speculative. At present we are carrying out technical appraisals of the project and we know that the next NWDA board meeting is not until April.'
A spokeswoman for the NWDA agreed. She said: 'This story is incorrect. There is currently no timescale in respect of the scheme.'
Meanwhile, a director at AFL Architects, responsible for the plans, said the practice was 'not able to comment at this time' due to client confidentiality.