Reports last Saturday morning claimed that due to the crippling financial market the club had scupper plans to move a new ground. However Parry's statement read; "We remain absolutely committed to the building of a new stadium which will improve on the original design inherited by Tom Hicks and George Gillett when they came into the club.
"It will have a capacity of around 70,000, be higher quality and have a substantially increased Kop which will form the centrepiece of the new plans.
"Ever since the original designs were unveiled, we have been continuously revising and refining with the intention of delivering the best possible solution to our future needs.
"The situation in the credit markets has not affected our design, programme, or implementation of building our new stadium.
"The priority has always been to build a winning team on the pitch and everything else we do is geared towards that."