Manchester United prepare to amass £1 billion in debt for Old Trafford renovations

My Football FactsArticles

By Martin Graham | 27th Jun 2022

Manchester United are reportedly preparing plans to modernise Old Trafford and increase the stadium’s seating capacity and this could see them accrue £1 billion in debt for the massive project.

Fans of the club have been protesting the state of the stadium, among other things, for the better part of three seasons. They successfully shut down one game and made the Premier League postpone the game when they staged a massive protest at the entrance to the stadium. They are not ready to back down and the club’s board have come to terms with their resolve.

However, fresh reports indicate that the monetary concerns were what kept the ownership from doing the needful before now, according to reports. United are currently £500 million in debt and cannot pool money from their coffers for the project.

“For the future, for investing in a new stadium and a latest-and-greatest training ground we’ve got to do something,” United CEO Richard Arnold said of their struggles to secure funding for the Old Trafford repairs. “We’ve got to get investors in. “I need that to do what I want for the club.

“I’ve got to have more cash now because no club in the world has the money to build a new stadium. You either borrow it or invest it. The money has got to come from somewhere.”

The same reports also indicate that they are now considering the option of accruing debt for the project. One of the options is to take out a mortgage on the facility and another is to sell the naming rights of the stadium, just as Barcelona did with Camp Nou. Whatever options they choose to take, they have already steeled their resolve by first adding the estimate of the restructuring plans to their current debts, which sums it all to £1 billion.

What the fans want the most, however, is for the Glazers family to leave the club. This would mean selling the club to another party and the owners have stood their ground on their answer, which is no.

Their ownership has cost the club to lose £1.3 billion chopped off its market value, causing its stock prices to drop. At the same time, they have made around the same amount in dividends since they took over the club in 2005.

There obviously lies a lot waiting to unfold in Manchester United’s financial drama.

Martin Graham is an MFF sports writer

Liverpool might be forced to sign midfielder after latest blow
Manchester United move for Adrien Rabiot as De Jong pursuit stalls
Azpilicueta reveals why he snubbed Barcelona to sign new deal with Chelsea
Timo Werner to complete RB Leipzig return in permanent transfer
Manchester United keen to sign Benjamin Sesko and Marko Arnautovic
Guardiola hails Haaland’s attitude after debut Premier League brace against West Ham
Barcelona yet to register new signings ahead of the La Liga kickoff
Wesley Fofana hints at Leicester City stay despite Chelsea interest
Vinicius targets more Champions League with Real Madrid
Roma sign Georgino Wijnaldum on loan
Chelsea mock Brighton's denial of Cucurella signing
William Saliba shines as Arsenal secure opening day victory over Crystal Palace
Arsenal urged to take transfer decision with Nicolas Pepe
Cesar Azpilicueta commits future to Chelsea
Barcelona keen to sell Pierre-Emerick Aubameyang to Chelsea
Kasper Schmeichel joins OGC Nice after signing a three-year contract
Chelsea reportedly agree Cucurella deal, Brighton deny agreement
Manchester United sent Cristiano Ronaldo warning with Paul Pogba comparison
Memphis Depay’s lawyers ask Barcelona to terminate his contract
Sevilla close to Alex Telles transfer after agreement with Manchester United
Diogo Jota signs long-term Liverpool contract
Chelsea’s Timo Werner edging closer to RB Leipzig return
Leno on the verge of joining Fulham as fifth summer signing
OGC Nice sign Wales midfielder Aaron Ramsey on a free transfer
Harry Maguire gets appeal date over guilty verdict in Greek court
It’s finally come home! England women beat Germany to win Euro 2022
Van Dijk admits Salah’s contract situation affected his performances for Liverpool
Sadio Mane scores on his competitive debut for Bayern Munich in German Supercup victory
Barcelona sell Óscar Mingueza to Celta Vigo
Guardiola defends Erling Haaland after Manchester City’s Community Shield defeat
Cristiano Ronaldo declares return to action for Man Utd
Marc Cucurella tries to force Manchester City move with transfer request
Manchester City suffer injury blow with Laporte ruled out until September
Jurgen Klopp rubbishes talk of Roberto Firmino sale
Ademola Lookman agrees terms ahead of a move to Atalanta
Online Betting Site Betway
Back To Top