Manchester United have been provided with a number of stadium extension alternatives, including the demolition of Old Trafford and the construction of a whole new stadium.
Sportsmail disclosed in March of last year that the dramatic and costly option was one of those being examined.
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However, the position is now effectively frozen, with any future expansion likely to be controlled by new owners.
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United is currently for sale, and it is expected that interested parties will be given access to the designs as well as an estimate of the expenses involved. A new stadium, which would allow United to continue playing at Old Trafford while construction is underway, may cost close to £2 billion. Given the complexities involved, a refurbishment of the club’s 112-year-old home may possibly cost more than £1 billion.NYSC portal
Two broad themes were given to United executives. The first was to stay at Old Trafford, while the second was to move to a new, cutting-edge stadium.
Each of the two concepts then had several possibilities for attributes such as capacity.
While an increase from the current 74,000 is projected, the club’s lucrative corporate hospitality would be a significant emphasis of any renovation.
Demand is currently so strong that some fans pay to eat at the neighbouring Old Trafford cricket ground before trekking up to the stadium.
Although no exact figures have been disclosed, the concepts indicate the sorts of financing required.
The Glazer family said in November that they were exploring outside investment, which may include a sale. They’ve tasked the Raine Group, the investment bankers who managed Chelsea’s acquisition last year, with finding the best bargain.
Raine partner and co-founder Joe Ravitch is leading the search. He was involved in the Chelsea sale, which saw the club sold for a whopping £2.5 billion, with an additional £1.75 billion investment planned.JAMB Result
