Skip to main content

United consider new 100,000 capacity stadium

Manchester United will decide by the end of the year if they want to revamp Old Trafford or build a new 100,000-seat stadium on the grounds of their present home.

Sir Jim Ratcliffe, the Ineos chairman who owns 27.7 per cent of the club, has told the stadium taskforce that was set up in April that they should report back in December with their findings.

At present, the taskforce, which is led by Lord Coe and includes figures such as Gary Neville and the mayor of Greater Manchester, Andy Burnham, is leaning towards recommending that a new stadium is built in the car park area behind the Stretford End, rather than a revamp of the existing ground. However, the club say that no final decision has been made.

The taskforce acknowledges that building a new stadium would be costly, at an estimated £2billion, and says that any decision will not be made without canvassing the opinions of the supporters.

The club have already asked 30,000 fans for their thoughts in a survey. A subcommittee of the taskforce is set to be appointed, including a representative of the Manchester United Supporters’ Trust, to gauge the mood of fans.

The club are not ruling out a revamp of the present stadium and it would be the cheaper option, at an estimated cost of £1billion, but United would also lose match-day revenue because they would probably have to close part of the 74,100-capacity stadium while building works are undertaken.  The club have about 51,000 season-ticket holders.

If United do build a new stadium, they have vowed to ensure that the arena is in keeping with United’s traditions. Landmarks such as the Holy Trinity Statue, depicting Sir Bobby Charlton, George Best and Denis Law, would be protected.

It is anticipated that a new stadium would take six years from the point of inception to the end of construction. United would be able to play in the present stadium, built in 1910, while a new ground is built.

Comments

Popular posts from this blog

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s...

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day ...

Spurs to sell minority stake

Tottenham Hotspur is in talks to sell a minority stake in a deal that could value it at up to £3.75 billion and pave the way for Joe Lewis and his family to sever ties with the Premier League football club. Tottenham chairman Daniel Levy is seeking an investment that values the club at between £3.5 billion and £3.75 billion, including debt. While the terms of any deal have not been finalised, City sources expect Spurs to sell about 10 per cent. The club is being advised by bankers from Rothschild on the sale. Tottenham wants to raise fresh capital for new player signings and to help fund the development of an academy for its women’s team, as well as a 30-storey hotel next to its north London stadium. The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is understood to be among the parties to have expressed an interest in Tottenham. Staveley’s fund, PCP Capital Partners, has raised about £500 million to ...