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Premier League

Liverpool have rejected the opportunity of sharing a super-stadium with cross-town rivals Everton.

Liverpool owners Tom Hicks and George Gillett have turned down an offer from Blues chief executive Robert Elston.

A senior Anfield source told the Sunday Mirror: "There is absolutely no chance that Liverpool will be sharing a stadium with Everton. It will never happen."

Elstone called Liverpool for talks after the government refused to sanction the building of a £400million new stadium at Kirkby.

Liverpool already have plans to build a 60,000-seat stadium at Stanley Park.

But the building of the stadium is now delayed due to the economic recession and that has made it nearly impossible to find enough resources to build Stanley Park stadium.

However, the club's co-owners believe that they can secure the £350m the club needs to build the stadium once the recession is over.

Hicks and Gillette can expect to raise another £150m by selling the naming rights of the stadium.

The difference in stadium capacity between Liverpool and clubs like Machester United and Arsenal has led to a sizeable gulf in earnings that show no signs of improving.

Stadium ownership is one of the main components that football teams can use on their balance sheet.